IMI (LON:IMI) Shares Pass Above 200 Day Moving Average - Time to Sell?

IMI plc (LON:IMI - Get Free Report)'s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 1,839.27 ($23.82) and traded as high as GBX 2,070 ($26.81). IMI shares last traded at GBX 2,004 ($25.96), with a volume of 90,931,289 shares traded.

Analyst Ratings Changes

Separately, Royal Bank of Canada raised their price target on IMI from GBX 2,250 ($29.15) to GBX 2,400 ($31.09) and gave the stock an "outperform" rating in a report on Monday, March 3rd.

IMI Stock Performance

The company has a debt-to-equity ratio of 68.33, a current ratio of 1.36 and a quick ratio of 0.80. The company has a 50 day simple moving average of GBX 1,933.39 and a 200-day simple moving average of GBX 1,842.07. The stock has a market cap of £5.01 billion, a P/E ratio of 20.26, a price-to-earnings-growth ratio of 1.12 and a beta of 1.08.

IMI (LON:IMI - Get Free Report) last released its quarterly earnings data on Friday, February 28th. The company reported GBX 122.50 ($1.59) EPS for the quarter. IMI had a return on equity of 23.85% and a net margin of 11.46%. On average, equities analysts expect that IMI plc will post 137.9737609 earnings per share for the current fiscal year.

Insider Transactions at IMI

In related news, insider Roy Twite sold 49,259 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of GBX 1,962 ($25.41), for a total transaction of £966,461.58 ($1,251,893.24). In the last quarter, insiders bought 22 shares of company stock valued at $42,388. Corporate insiders own 1.52% of the company's stock.

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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.