Smiths News (LON:SNWS) Trading Down 11% – Time to Sell?

Smiths News plc (LON:SNWS)’s stock price was down 11% during mid-day trading on Thursday . The company traded as low as GBX 59.40 ($0.73) and last traded at GBX 60.17 ($0.73). Approximately 3,049,240 shares changed hands during trading, an increase of 114% from the average daily volume of 1,422,657 shares. The stock had previously closed at GBX 67.60 ($0.83).

Wall Street Analyst Weigh In

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

Smiths News Stock Down 4.6 %

The stock has a market capitalization of £138.46 million, a PE ratio of 648.89, a PEG ratio of 0.29 and a beta of 0.83. The firm’s fifty day moving average price is GBX 63.07 and its two-hundred day moving average price is GBX 59.83.

Smiths News Increases Dividend

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

Insider Transactions at Smiths News

In other Smiths News news, insider Deborah Rabey acquired 20,663 shares of the stock in a transaction dated Friday, November 29th. The shares were purchased at an average price of GBX 63 ($0.77) per share, for a total transaction of £13,017.69 ($15,894.62). Also, insider Paul Baker sold 319,586 shares of the business’s 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 worth $121,608,258 in the last ninety days. Insiders own 13.12% of the company’s stock.

About Smiths News

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.