Smiths News (LON:SNWS) Trading Down 9.5% - Time to Sell?

Smiths News plc (LON:SNWS - Get Free Report)'s stock price fell 9.5% on Friday . The company traded as low as GBX 59.40 ($0.73) and last traded at GBX 61.20 ($0.75). 1,615,870 shares were traded during 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).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reaffirmed a "buy" rating and issued a GBX 95 ($1.16) price target on shares of Smiths News in a report on Tuesday, November 5th.

Smiths News Trading Down 4.6 %

The stock has a market cap of £138.46 million, a price-to-earnings ratio of 648.89, a P/E/G ratio of 0.29 and a beta of 0.83. The company has a fifty day simple moving average of GBX 63.07 and a 200-day simple moving average of GBX 59.83.

Smiths News Increases Dividend

The firm also recently announced a dividend, which will be paid on Thursday, February 6th. Stockholders of record on Thursday, January 9th will be given a GBX 5.40 ($0.07) dividend. This represents a dividend yield of 9.47%. The ex-dividend date is Thursday, January 9th. This is a boost from Smiths News's previous dividend of $1.75. Smiths News's dividend payout ratio (DPR) is 5,555.56%.

Insider Buying and Selling

In other Smiths News news, insider Deborah Rabey bought 20,663 shares of Smiths News stock in a transaction on Friday, November 29th. The stock was purchased 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 1,183,423 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of GBX 61 ($0.74), for a total transaction of £721,888.03 ($881,426.17). In the last ninety days, insiders sold 1,993,578 shares of company stock valued at $121,608,258. Corporate insiders own 13.12% of the company's stock.

Smiths News Company Profile

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.