Smiths News Plc (CNCT.L) (LON:CNCT) Share Price Crosses Below 200-Day Moving Average – Here’s Why

Shares of Smiths News Plc (CNCT.L) (LON:CNCT) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 25.60 ($0.32) and traded as low as GBX 25.50 ($0.32). Smiths News Plc (CNCT.L) shares last traded at GBX 25.60 ($0.32), with a volume of 16,586 shares changing hands.

Smiths News Plc (CNCT.L) Stock Performance

The stock has a market cap of £63.41 million and a price-to-earnings ratio of -1.41. The stock has a fifty day simple moving average of GBX 25.60 and a two-hundred day simple moving average of GBX 25.60.

Smiths News Plc (CNCT.L) Company Profile

Connect Group PLC, together with its subsidiaries, engages in the distribution of newspapers and mixed freight in the United Kingdom, Spain, France, Germany, the Netherlands, and internationally. The company operates through Smiths News and Tuffnells segments. The Smiths News segment distributes newspapers and magazines to 27,000 retailers from 39 distribution centers across England and Wales.