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

Posted by Lindsey Winhoffer on Jan 10th, 2025

Smiths News plc (LON:SNWS – Get Free Report)’s stock price dropped 9.5% during mid-day trading on Friday . The company traded as low as GBX 59.40 ($0.73) and last traded at GBX 61.20 ($0.75). Approximately 1,615,870 shares changed hands during trading, an increase of 37% from the average daily volume of 1,183,762 shares. The stock had previously closed at GBX 67.60 ($0.83).

Analyst Upgrades and Downgrades

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

Check Out Our Latest Research Report on SNWS

Smiths News Trading Down 1.3 %

The firm’s 50-day moving average price is GBX 63.04 and its 200 day moving average price is GBX 59.84. The company has a market capitalization of £143.20 million, a price-to-earnings ratio of 671.11, a PEG ratio of 0.29 and a beta of 0.83.

Smiths News Increases Dividend

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

Insider Buying and Selling at Smiths News

In other Smiths News news, insider Jonathan Bunting sold 1,183,423 shares of the company’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of GBX 61 ($0.75), for a total value of £721,888.03 ($888,258.93). Also, insider Paul Baker sold 319,586 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of GBX 61 ($0.75), for a total value of £194,947.46 ($239,876.29). In the last quarter, insiders have sold 1,993,578 shares of company stock valued at $121,608,258. 13.12% of the stock is currently owned by corporate 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.