Smiths News plc (LON:SNWS - Get Free Report)'s stock price was down 11% 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 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 issued a GBX 95 ($1.17) price target on shares of Smiths News in a research report on Tuesday, November 5th.
View Our Latest Report on SNWS
Smiths News Stock Performance
The company has a market cap of £145.10 million, a price-to-earnings ratio of 680.00, a price-to-earnings-growth ratio of 0.29 and a beta of 0.83. The stock's fifty day moving average is GBX 63.04 and its two-hundred day moving average is GBX 59.84.
Smiths News Increases Dividend
The business also recently disclosed a dividend, which will be paid on Thursday, February 6th. Stockholders of record on Thursday, January 9th will be paid a GBX 5.40 ($0.07) dividend. The ex-dividend date of this dividend is Thursday, January 9th. This is an increase from Smiths News's previous dividend of $1.75. This represents a dividend yield of 9.47%. Smiths News's dividend payout ratio is 5,555.56%.
Insider Activity
In other news, insider Deborah Rabey acquired 20,663 shares of the firm's stock in a transaction on Friday, November 29th. The stock was purchased 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 Smiths News stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of GBX 61 ($0.75), for a total value of £721,888.03 ($888,258.93). Insiders have sold 1,993,578 shares of company stock worth $121,608,258 over the last 90 days. 13.12% of the stock is currently owned by corporate insiders.
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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