Smiths News (LON:SNWS) Shares Down 9.5% – Should You Sell?

by · The Markets Daily

Smiths News plc (LON:SNWS – Get Free Report)’s stock price traded down 9.5% during trading on Thursday . The company traded as low as GBX 59.40 ($0.73) and last traded at GBX 61.20 ($0.75). 1,615,870 shares traded hands during trading, an increase of 37% from the average session volume of 1,183,762 shares. The stock had previously closed at GBX 67.60 ($0.83).

Analyst Ratings Changes

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 95 ($1.16) price target on shares of Smiths News in a research report on Tuesday, November 5th.

Check Out Our Latest Report on Smiths News

Smiths News Stock Down 4.6 %

The stock has a market capitalization of £138.46 million, a price-to-earnings ratio of 648.89, a price-to-earnings-growth ratio of 0.29 and a beta of 0.83. The business’s 50-day moving average is GBX 63.07 and its two-hundred day moving average is GBX 59.83.

Smiths News Increases Dividend

The company also recently declared a dividend, which will be paid on Thursday, February 6th. Stockholders of record on Thursday, January 9th will be issued a dividend of GBX 5.40 ($0.07) per share. The ex-dividend date of this dividend is Thursday, January 9th. This represents a dividend yield of 9.47%. This is an increase from Smiths News’s previous dividend of $1.75. Smiths News’s dividend payout ratio (DPR) is currently 5,555.56%.

Insider Activity

In related news, insider Jonathan Bunting sold 1,183,423 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of GBX 61 ($0.74), for a total transaction of £721,888.03 ($881,426.17). Also, insider Paul Baker sold 319,586 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of GBX 61 ($0.74), for a total transaction of £194,947.46 ($238,031.09). Insiders have sold a total of 1,993,578 shares of company stock valued at $121,608,258 in the last quarter. Insiders own 13.12% of the company’s stock.

Smiths News Company Profile

(Get Free Report)

In 1792 we started delivering the nation’s newspapers. Today, we’re proud to be the UK’s largest wholesaler of newspapers and magazines, serving 24,000 retailers from superstores to corner shops.

Service and efficiency put us at the forefront of our industry and with 55% market share we are the leading player in one of the world’s fastest-moving supply chains.

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