Smiths News (LON:SNWS) Trading Down 9.5% – Here’s What Happened

by · The Markets Daily

Smiths News plc (LON:SNWS – Get Free Report)’s stock price fell 9.5% during mid-day 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 changed hands during mid-day 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 restated 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 Stock Analysis on Smiths News

Smiths News Stock Down 4.6 %

The firm has a fifty day moving average of GBX 63.07 and a 200-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 firm also recently disclosed a dividend, which will be paid on Thursday, February 6th. Investors of record on Thursday, January 9th will be issued a GBX 5.40 ($0.07) dividend. This is a positive change from Smiths News’s previous dividend of $1.75. This represents a yield of 9.47%. The ex-dividend date of this dividend is Thursday, January 9th. Smiths News’s dividend payout ratio is currently 5,555.56%.

Insiders Place Their Bets

In related news, insider Deborah Rabey acquired 20,663 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The shares were acquired at an average cost of GBX 63 ($0.77) per share, for a total transaction of £13,017.69 ($15,894.62). Also, insider Jonathan Bunting sold 490,569 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of GBX 61 ($0.74), for a total transaction of £299,247.09 ($365,381.06). In the last 90 days, insiders sold 1,993,578 shares of company stock valued at $121,608,258. 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.

Further Reading