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

Smiths News plc (LON:SNWS)’s share price dropped 11% during 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 were traded during mid-day 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 reissued 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 firm has a 50-day moving average price of GBX 63.07 and a two-hundred day moving average price of GBX 59.83. The company has a market capitalization 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 declared a dividend, which will be paid on Thursday, February 6th. Shareholders of record on Thursday, January 9th will be given a GBX 5.40 ($0.07) dividend. This represents a yield of 9.47%. This is a positive change from Smiths News’s previous dividend of $1.75. The ex-dividend date is Thursday, January 9th. Smiths News’s dividend payout ratio (DPR) is currently 5,555.56%.

Insider Transactions at Smiths News

In other news, insider Deborah Rabey bought 20,663 shares of Smiths News stock in a transaction that occurred on Friday, November 29th. The stock was purchased at an average cost of GBX 63 ($0.77) per share, with a total value of £13,017.69 ($15,894.62). Also, insider Jonathan Bunting sold 490,569 shares of Smiths News 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 have sold 1,993,578 shares of company stock worth $121,608,258. 13.12% of the stock is currently owned by company insiders.

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.