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

IMI plc (LON:IMI)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,794.89 ($22.59) and traded as high as GBX 1,853 ($23.32). IMI shares last traded at GBX 1,824 ($22.95), with a volume of 331,712 shares traded.

IMI Stock Performance

The firm’s 50 day moving average is GBX 1,771.09 and its 200 day moving average is GBX 1,795.36. The company has a debt-to-equity ratio of 68.33, a quick ratio of 0.80 and a current ratio of 1.36. The stock has a market cap of £4.71 billion, a P/E ratio of 1,891.75, a price-to-earnings-growth ratio of 1.12 and a beta of 1.08.

Insider Transactions at IMI

In related news, insider Anne Thorburn acquired 5,000 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were purchased at an average price of GBX 1,740 ($21.90) per share, for a total transaction of £87,000 ($109,475.27). Also, insider Jackie Callaway acquired 857 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was bought at an average cost of GBX 1,750 ($22.02) per share, with a total value of £14,997.50 ($18,871.90). Over the last three months, insiders have acquired 5,878 shares of company stock valued at $10,237,592. Corporate 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.