Smiths News (LON:SNWS) Trading Down 9.5% – Should You Sell?

Posted by Alanna Baker on Jan 9th, 2025

Smiths News plc (LON:SNWS – Get Free Report) shares 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 ($0.76). 1,615,870 shares changed hands 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 ($0.84).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 95 ($1.17) price objective on shares of Smiths News in a research report on Tuesday, November 5th.

Read Our Latest Research Report on SNWS

Smiths News Price Performance

The firm has a market cap of £145.10 million, a price-to-earnings ratio of 680.00, a PEG ratio of 0.29 and a beta of 0.83. The stock has a 50-day moving average price of GBX 62.96 and a 200 day moving average price of GBX 59.83.

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 given a dividend of GBX 5.40 ($0.07) per share. 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 payout ratio is 5,555.56%.

Insider Buying and Selling at Smiths News

In other Smiths News news, insider Deborah Rabey acquired 20,663 shares of the company’s stock in a transaction on Friday, November 29th. The shares were bought at an average cost of GBX 63 ($0.78) per share, for a total transaction of £13,017.69 ($16,091.09). Also, insider Jonathan Bunting sold 490,569 shares of the company’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of GBX 61 ($0.75), for a total transaction of £299,247.09 ($369,897.52). Over the last quarter, insiders sold 1,993,578 shares of company stock worth $121,608,258. 13.12% of the stock is owned by 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.