Smiths News (LON:SNWS) Shares Down 2% - Here's What Happened

Smiths News plc (LON:SNWS - Get Free Report)'s share price dropped 2% during mid-day trading on Thursday . The company traded as low as GBX 58.20 ($0.74) and last traded at GBX 58.20 ($0.74). Approximately 311,527 shares traded hands during trading, a decline of 43% from the average daily volume of 544,904 shares. The stock had previously closed at GBX 59.40 ($0.75).

Analyst Ratings Changes

SNWS has been the topic of a number of research reports. Canaccord Genuity Group restated a "buy" rating and set a GBX 95 ($1.21) target price on shares of Smiths News in a research report on Thursday, January 16th. Canaccord Genuity Group restated a "buy" rating and set a GBX 95 ($1.21) target price on shares of Smiths News in a research report on Tuesday, November 5th.

Smiths News Trading Up 2.6 %

The company has a debt-to-equity ratio of -1,469.70, a quick ratio of 0.83 and a current ratio of 0.98. The company has a market capitalization of £134.90 million, a price-to-earnings ratio of 5.29, a P/E/G ratio of 0.29 and a beta of 0.83. The business's 50-day simple moving average is GBX 61.60 and its 200-day simple moving average is GBX 60.12.

Smiths News Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, February 6th. Stockholders of record on Thursday, January 9th were paid a GBX 5.40 ($0.07) dividend. The ex-dividend date was Thursday, January 9th. This is a boost from Smiths News's previous dividend of $1.75. This represents a dividend yield of 9.47%. Smiths News's dividend payout ratio is 47.09%.

About Smiths News

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.