Smiths News (LON:SNWS) Stock Price Down 11% – Here’s What Happened

Posted by Marion Hillson on Jan 9th, 2025

Shares of Smiths News plc (LON:SNWS – Get Free Report) fell 11% on Thursday . The stock traded as low as GBX 59.40 ($0.73) and last traded at GBX 60.17 ($0.74). 3,049,240 shares changed hands during mid-day trading, an increase of 114% from the average session volume of 1,422,657 shares. The stock had previously closed at GBX 67.60 ($0.84).

Analyst Ratings Changes

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

Check Out Our Latest Stock Analysis on SNWS

Smiths News Price Performance

The stock has a market capitalization of £142.65 million, a PE ratio of 668.53, a PEG ratio of 0.29 and a beta of 0.83. The company 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 business also recently disclosed 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 an increase 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 payout ratio is presently 5,555.56%.

Insiders Place Their Bets

In related news, insider Jonathan Bunting sold 490,569 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of GBX 61 ($0.75), for a total value of £299,247.09 ($369,897.52). Also, insider Paul Baker sold 319,586 shares of the company’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of GBX 61 ($0.75), for a total transaction of £194,947.46 ($240,973.37). In the last ninety days, insiders sold 1,993,578 shares of company stock worth $121,608,258. 13.12% of the stock is currently owned by corporate insiders.

About Smiths News

(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.