IMI (LON:IMI) Shares Pass Above 200-Day Moving Average - Here's Why

Shares of IMI plc (LON:IMI - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,795.78 ($22.44) and traded as high as GBX 1,864 ($23.30). IMI shares last traded at GBX 1,852 ($23.15), with a volume of 792,785 shares traded.

IMI Stock Performance

The stock has a market cap of £4.67 billion, a price-to-earnings ratio of 1,876.29, a P/E/G ratio of 1.12 and a beta of 1.08. The firm's 50-day moving average is GBX 1,768.16 and its two-hundred day moving average is GBX 1,795.95. The company has a current ratio of 1.36, a quick ratio of 0.80 and a debt-to-equity ratio of 68.33.

Insiders Place Their Bets

In other IMI news, insider Anne Thorburn bought 5,000 shares of the stock in a transaction on Friday, November 8th. The shares were bought at an average price of GBX 1,740 ($21.75) per share, with a total value of £87,000 ($108,736.41). Also, insider Jackie Callaway bought 857 shares of the company's stock in a transaction dated Monday, November 25th. The shares were acquired at an average cost of GBX 1,750 ($21.87) per share, with a total value of £14,997.50 ($18,744.53). In the last three months, insiders bought 5,878 shares of company stock worth $10,237,592. Corporate insiders own 1.52% of the company's stock.

IMI Company Profile

IMI plc, an engineering company, engages in the design, manufacturing, and servicing of engineering products in the United Kingdom, Germany, rest of Europe, the United States, rest of the Americas, China, rest of the Asia Pacific, the Middle East, and Africa. The company offers engineering protects for extreme temperatures and pressure environments; supplying flow control solutions in critical applications, including liquified natural gas (LNG) production, upstream oil and gas facilities, petrochemical processes, biopharma processing, combined cycle and nuclear power, marine, and other process industries; and installs severe service valves for supporting critical industrial plants and processes.