Smiths News plc (LON:SNWS - Get Free Report)'s share price was down 11% during trading on Thursday . The company traded as low as GBX 59.40 ($0.73) and last traded at GBX 60.17 ($0.74). Approximately 3,049,240 shares changed hands 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).
Analyst Upgrades and Downgrades
Separately, Canaccord Genuity Group reissued a "buy" rating and set a GBX 95 ($1.17) price objective on shares of Smiths News in a research note on Tuesday, November 5th.
Check Out Our Latest Research Report on SNWS
Smiths News Price Performance
The firm's 50 day moving average price is GBX 63.04 and its 200 day moving average price is GBX 59.84. The stock has a market capitalization of £145.10 million, a P/E ratio of 680.00, a P/E/G ratio of 0.29 and a beta of 0.83.
Smiths News Increases Dividend
The firm also recently declared a dividend, which will be paid on Thursday, February 6th. Shareholders of record on Thursday, January 9th will be given a dividend of GBX 5.40 ($0.07) per share. This is a positive change from Smiths News's previous dividend of $1.75. The ex-dividend date of this dividend is Thursday, January 9th. This represents a yield of 9.47%. Smiths News's dividend payout ratio is presently 5,555.56%.
Insider Transactions at Smiths News
In related news, insider Deborah Rabey purchased 20,663 shares of the business's stock in a transaction that occurred on Friday, November 29th. The shares were acquired at an average price of GBX 63 ($0.78) per share, for a total transaction of £13,017.69 ($16,017.83). Also, insider Jonathan Bunting sold 1,183,423 shares of the business's stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of GBX 61 ($0.75), for a total transaction of £721,888.03 ($888,258.93). In the last three months, insiders have sold 1,993,578 shares of company stock worth $121,608,258. 13.12% of the stock is currently owned by insiders.
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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