Smiths News (LON:SNWS) Stock Price Down 9.5% – Here’s What Happened

Posted by Stanley Muller on Jan 9th, 2025

Smiths News plc (LON:SNWS – Get Free Report)’s stock price dropped 9.5% during trading on Thursday . The stock traded as low as GBX 59.40 ($0.73) and last traded at GBX 61.20 ($0.76). Approximately 1,615,870 shares were traded during mid-day trading, an increase of 37% from the average daily volume of 1,183,762 shares. The stock had previously closed at GBX 67.60 ($0.84).

Wall Street Analyst Weigh In

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

Check Out Our Latest Report on SNWS

Smiths News Price Performance

The company has a market cap of £145.10 million, a price-to-earnings ratio of 680.00, a P/E/G ratio of 0.29 and a beta of 0.83. The firm 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 company also recently disclosed a dividend, which will be paid on Thursday, February 6th. Shareholders of record on Thursday, January 9th will be issued a GBX 5.40 ($0.07) dividend. This represents a yield of 9.47%. This is a positive change from Smiths News’s previous dividend of $1.75. The ex-dividend date is Thursday, January 9th. Smiths News’s dividend payout ratio is currently 5,555.56%.

Insider Transactions at Smiths News

In related news, insider Deborah Rabey acquired 20,663 shares of the stock in a transaction on Friday, November 29th. The shares were purchased at an average price of GBX 63 ($0.78) per share, for a total transaction of £13,017.69 ($16,091.09). Also, insider Jonathan Bunting sold 1,183,423 shares of the company’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of GBX 61 ($0.75), for a total value of £721,888.03 ($892,321.42). Over the last 90 days, insiders 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.