Smiths News plc (LON:SNWS - Get Free Report) shares were down 11% during mid-day trading on Thursday . The stock traded as low as GBX 59.40 ($0.73) and last traded at GBX 60.17 ($0.74). Approximately 3,049,240 shares traded 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).
Wall Street Analyst Weigh In
Separately, Canaccord Genuity Group reaffirmed a "buy" rating and issued a GBX 95 ($1.17) price target on shares of Smiths News in a research note on Tuesday, November 5th.
Get Our Latest Stock Analysis on SNWS
Smiths News Price Performance
The stock's 50-day moving average is GBX 63.04 and its two-hundred day moving average is GBX 59.84. The company has a market cap 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 company also recently declared a dividend, which will be paid on Thursday, February 6th. Shareholders of record on Thursday, January 9th will be paid a dividend of GBX 5.40 ($0.07) per share. This is an increase from Smiths News's previous dividend of $1.75. This represents a dividend yield of 9.47%. The ex-dividend date is Thursday, January 9th. Smiths News's payout ratio is currently 5,555.56%.
Insider Activity at Smiths News
In other news, insider Paul Baker sold 319,586 shares of the business'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). Also, insider Jonathan Bunting sold 1,183,423 shares of the company's stock in a transaction dated 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). Over the last ninety days, insiders sold 1,993,578 shares of company stock worth $121,608,258. 13.12% of the stock is owned by company 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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