Smiths News plc (LON:SNWS - Get Free Report)'s stock price dropped 7.8% during mid-day trading on Thursday . The stock traded as low as GBX 61 ($0.75) and last traded at GBX 62.32 ($0.77). Approximately 2,128,450 shares changed hands during trading, an increase of 68% from the average daily volume of 1,269,192 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 issued a GBX 95 ($1.17) price target on shares of Smiths News in a research report on Tuesday, November 5th.
Check Out Our Latest Analysis on SNWS
Smiths News Price Performance
The stock has a market capitalization of £145.10 million, a P/E ratio of 680.00, a price-to-earnings-growth ratio of 0.29 and a beta of 0.83. The stock has a fifty day moving average price of GBX 63.04 and a 200 day moving average price of GBX 59.84.
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 GBX 5.40 ($0.07) dividend. The ex-dividend date is Thursday, January 9th. This represents a yield of 9.47%. This is an increase from Smiths News's previous dividend of $1.75. Smiths News's dividend payout ratio (DPR) is currently 5,555.56%.
Insider Activity
In other Smiths News news, insider Deborah Rabey acquired 20,663 shares of the company's stock in a transaction that occurred on Friday, November 29th. The stock was bought at an average price of GBX 63 ($0.78) per share, with a total value of £13,017.69 ($16,017.83). Also, insider Paul Baker sold 319,586 shares of the company's stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of GBX 61 ($0.75), for a total value of £194,947.46 ($239,876.29). Insiders have sold a total of 1,993,578 shares of company stock worth $121,608,258 over the last ninety days. Company insiders own 13.12% of the company's stock.
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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