Smiths News (LON:SNWS) Stock Price Down 2.2% - Here's Why

Smiths News plc (LON:SNWS - Get Free Report)'s stock price fell 2.2% during trading on Friday . The company traded as low as GBX 53.40 ($0.69) and last traded at GBX 53.60 ($0.69). 221,630 shares traded hands during mid-day trading, a decline of 55% from the average session volume of 487,394 shares. The stock had previously closed at GBX 54.80 ($0.71).

Analyst Ratings Changes

Separately, Canaccord Genuity Group reaffirmed a "buy" rating and set a GBX 95 ($1.23) price target on shares of Smiths News in a research report on Thursday, January 16th.

Smiths News Price Performance

The company has a market cap of £130.51 million, a price-to-earnings ratio of 5.12, a P/E/G ratio of 0.29 and a beta of 0.83. The company has a debt-to-equity ratio of -1,469.70, a current ratio of 0.98 and a quick ratio of 0.83. The company's 50-day simple moving average is GBX 58.50 and its 200-day simple moving average is GBX 59.78.

Smiths News Increases Dividend

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

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.