Smiths News Plc (CNCT.L) (LON:CNCT) Shares Pass Above 50-Day Moving Average – Should You Sell?

Smiths News Plc (CNCT.L) (LON:CNCT) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 25.60 ($0.32) and traded as high as GBX 26.40 ($0.33). Smiths News Plc (CNCT.L) shares last traded at GBX 25.60 ($0.32), with a volume of 16,586 shares traded.

Smiths News Plc (CNCT.L) Price Performance

The firm has a market capitalization of £63.41 million and a PE ratio of -1.41. The stock has a 50-day moving average price of GBX 25.60 and a 200-day moving average price 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.