Smiths News (LON:SNWS) Stock Price Down 9.5% – Time to Sell?

by · The Cerbat Gem

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

Wall Street Analyst Weigh In

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

View Our Latest Analysis on Smiths News

Smiths News Trading Down 4.6 %

The business has a 50 day moving average of GBX 63.07 and a two-hundred day moving average of GBX 59.83. The firm has a market cap of £138.46 million, a P/E ratio of 648.89, a PEG ratio of 0.29 and a beta of 0.83.

Smiths News Increases Dividend

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

Insider Transactions at Smiths News

In other Smiths News news, insider Paul Baker sold 319,586 shares of the business’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of GBX 61 ($0.74), for a total value of £194,947.46 ($238,031.09). Also, insider Deborah Rabey purchased 20,663 shares of Smiths News stock in a transaction that occurred on Friday, November 29th. The shares were bought at an average cost of GBX 63 ($0.77) per share, for a total transaction of £13,017.69 ($15,894.62). Insiders sold a total of 1,993,578 shares of company stock worth $121,608,258 over the last quarter. Company insiders own 13.12% of the company’s stock.

About Smiths News

(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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