IMI (LON:IMI) Stock Price Passes Above 200 Day Moving Average – What’s Next?

IMI plc (LON:IMI) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 1,794.89 ($22.49) and traded as high as GBX 1,853 ($23.22). IMI shares last traded at GBX 1,824 ($22.86), with a volume of 331,712 shares trading hands.

IMI Stock Performance

The firm’s 50-day moving average price is GBX 1,770.53 and its 200 day moving average price is GBX 1,794.89. The company has a market cap of £4.68 billion, a price-to-earnings ratio of 1,880.41, a PEG ratio of 1.12 and a beta of 1.08. The company has a debt-to-equity ratio of 68.33, a quick ratio of 0.80 and a current ratio of 1.36.

Insider Transactions at IMI

In other IMI news, insider Jackie Callaway purchased 857 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were bought at an average price of GBX 1,750 ($21.93) per share, with a total value of £14,997.50 ($18,793.86). Also, insider Anne Thorburn acquired 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was acquired at an average price of GBX 1,740 ($21.80) per share, with a total value of £87,000 ($109,022.56). Insiders have purchased 5,878 shares of company stock worth $10,237,592 in the last three months. Insiders own 1.52% of the company’s stock.

IMI Company Profile

IMI plc is a specialist engineering company operating in fluid and motion control markets. We combine our deep engineering knowledge with strong applications expertise to develop solutions for the most acute industry problems. We help our customers become safer, more sustainable and more productive. IMI employs around 10,000 people, has manufacturing facilities in 19 countries and operates a global service network.