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IMI (LON:IMI) Share Price Passes Above Two Hundred Day Moving Average - Should You Sell?

IMI logo with Industrials background

IMI plc (LON:IMI - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,795.63 ($22.31) and traded as high as GBX 1,843 ($22.89). IMI shares last traded at GBX 1,821 ($22.62), with a volume of 183,913 shares changing hands.

IMI Stock Performance

The stock's 50-day moving average price is GBX 1,777.67 and its 200 day moving average price is GBX 1,795.63. The firm has a market cap of £4.68 billion, a P/E ratio of 1,877.32, a price-to-earnings-growth ratio of 1.12 and a beta of 1.08. The company has a debt-to-equity ratio of 68.33, a current ratio of 1.36 and a quick ratio of 0.80.

Insiders Place Their Bets

In related news, insider Anne Thorburn purchased 5,000 shares of the firm's stock in a transaction on Friday, November 8th. The stock was purchased at an average cost of GBX 1,740 ($21.61) per share, for a total transaction of £87,000 ($108,074.53). Also, insider Jackie Callaway acquired 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 ($21.74) per share, for a total transaction of £14,997.50 ($18,630.43). Insiders have acquired 5,878 shares of company stock valued at $10,237,592 in the last three months. 1.52% of the stock is currently owned by corporate insiders.

About IMI

(Get Free Report)

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.

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