IMI (LON:IMI) Stock Passes Above 200-Day Moving Average – Should You Sell?

IMI plc (LON:IMI) shares crossed 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.

IMI Trading Down 1.2 %

The stock has a 50-day simple moving average of GBX 1,777.67 and a two-hundred day simple moving average of GBX 1,795.65. The firm has a market capitalization 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 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 purchased 5,000 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were acquired at an average price of GBX 1,740 ($21.61) per share, for a total transaction of £87,000 ($108,074.53). Also, insider Jackie Callaway bought 857 shares of the company’s stock in a transaction on Monday, November 25th. The shares were bought at an average cost of GBX 1,750 ($21.74) per share, for a total transaction of £14,997.50 ($18,630.43). Over the last ninety days, insiders bought 5,878 shares of company stock worth $10,237,592. 1.52% of the stock is owned by corporate insiders.

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.