Smiths News (LON:SNWS) Shares Down 9.5% – Time to Sell?

Smiths News plc (LON:SNWS)’s share price traded down 9.5% during mid-day trading on Thursday . 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 mid-day 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).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 95 ($1.16) price objective on shares of Smiths News in a research report on Tuesday, November 5th.

Smiths News Trading Down 4.6 %

The firm has a market cap of £138.46 million, a PE ratio of 648.89, a PEG ratio of 0.29 and a beta of 0.83. The firm has a fifty day simple moving average of GBX 63.07 and a two-hundred day simple moving average of GBX 59.83.

Smiths News Increases Dividend

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

Insider Buying and Selling at Smiths News

In other Smiths News news, insider Jonathan Bunting sold 490,569 shares of Smiths News stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of GBX 61 ($0.74), for a total transaction of £299,247.09 ($365,381.06). Also, insider Deborah Rabey bought 20,663 shares of the firm’s stock in a transaction dated Friday, November 29th. The stock was purchased at an average cost of GBX 63 ($0.77) per share, with a total value of £13,017.69 ($15,894.62). In the last ninety days, insiders have sold 1,993,578 shares of company stock valued at $121,608,258. 13.12% of the stock is currently owned by company insiders.

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.