Smiths News (LON:SNWS) Shares Down 11% – Time to Sell?

Shares of Smiths News plc (LON:SNWS) were down 11% during trading on Thursday . The company traded as low as GBX 59.40 ($0.73) and last traded at GBX 60.17 ($0.73). Approximately 3,049,240 shares were traded during mid-day 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 Analysts Forecast Growth

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

Smiths News Trading Down 4.6 %

The company has a fifty day simple moving average of GBX 63.07 and a 200-day simple moving average of GBX 59.83. The company has a market capitalization of £138.46 million, a PE ratio of 648.89, a PEG ratio of 0.29 and a beta of 0.83.

Smiths News Increases Dividend

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

Insiders Place Their Bets

In other Smiths News news, insider Deborah Rabey acquired 20,663 shares of the business’s stock in a transaction that occurred on 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). Also, insider Jonathan Bunting sold 490,569 shares of the business’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of GBX 61 ($0.74), for a total transaction of £299,247.09 ($365,381.06). Insiders have sold 1,993,578 shares of company stock valued at $121,608,258 over the last ninety days. Company insiders own 13.12% of the company’s stock.

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.