Smiths Group (OTCMKTS:SMGZY) Stock Rating Lowered by Zacks Investment Research

Smiths Group (OTCMKTS:SMGZY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Thursday, reports.

According to Zacks, “Smiths Group plc is a technology company. The Company designs, manufactures and delivers products and services for the threat & contraband detection, medical devices, energy and communications market. Its operating segment consists John Crane sector provides mechanical seals, seal support systems, engineered bearings, power transmission couplings and specialist filtration systems, Smiths Medical sector provides infusion systems, vascular access, patient airway and temperature management equipment and specialty devices. Smiths Detection sector provides sensors that detect and identify explosives, narcotics, weapons, chemical agents, biohazards and contraband; Smiths Interconnect sector provides specialised electronic and radio frequency components and sub-systems that connect, protect and control critical systems; Flex-Tek division provides engineered components that heat and move fluids and gases, flexible hosing and rigid tubing. Smiths Group plc is headquartered in London, the United Kingdom. “

Shares of OTCMKTS SMGZY opened at $22.12 on Thursday. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.77 and a quick ratio of 2.39. Smiths Group has a fifty-two week low of $18.60 and a fifty-two week high of $23.33. The stock’s 50-day simple moving average is $20.51 and its 200-day simple moving average is $20.31.

About Smiths Group

Smiths Group Plc engages in the development, manufacture, and sale of control systems and instruments for industrial applications. It operates through the following business segments: John Crane, Smiths Medical, Smiths Detection, Smiths Interconnect, and Flex-Tek. The John Crane segment produces mechanical seals, engineered bearings, power transmission couplings, seal support, and filtration systems.

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