Smart Metering Systems (LON:SMS) Stock Price Crosses Below 200-Day Moving Average of $872.92

Smart Metering Systems plc (LON:SMS) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 872.92 ($11.40) and traded as low as GBX 807 ($10.54). Smart Metering Systems shares last traded at GBX 823 ($10.75), with a volume of 66,487 shares trading hands.

SMS has been the subject of several research analyst reports. Libertas Partners increased their price objective on Smart Metering Systems from GBX 1,000 ($13.07) to GBX 1,025 ($13.39) and gave the stock a “buy” rating in a research note on Tuesday, August 31st. Peel Hunt reissued a “buy” rating and issued a GBX 878 ($11.47) price objective on shares of Smart Metering Systems in a research note on Wednesday, June 23rd. Barclays reissued an “equal weight” rating and issued a GBX 710 ($9.28) price objective on shares of Smart Metering Systems in a research note on Wednesday, September 15th. Peel Hunt reissued a “buy” rating and issued a GBX 878 ($11.47) price objective on shares of Smart Metering Systems in a research note on Wednesday, June 23rd. Finally, Liberum Capital reissued a “buy” rating and issued a GBX 1,000 ($13.07) price objective on shares of Smart Metering Systems in a research note on Wednesday, July 28th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of GBX 898.20 ($11.74).

The company has a current ratio of 1.70, a quick ratio of 1.36 and a debt-to-equity ratio of 9.43. The firm has a 50-day simple moving average of GBX 910.72 and a two-hundred day simple moving average of GBX 872.66. The company has a market capitalization of £951.94 million and a price-to-earnings ratio of 555.33.

The company also recently announced a dividend, which will be paid on Thursday, October 28th. Shareholders of record on Thursday, September 30th will be given a GBX 6.88 ($0.09) dividend. This is a positive change from Smart Metering Systems’s previous dividend of $6.25. This represents a yield of 0.67%. The ex-dividend date is Thursday, September 30th. Smart Metering Systems’s dividend payout ratio is presently 16.67%.

About Smart Metering Systems (LON:SMS)

Smart Metering Systems plc, together with its subsidiaries, installs, operates, and manages meter and energy infrastructure assets, and related data services in the United Kingdom. It operates through three segments: Asset Management, Asset Installation, and Energy Management. The company engages in the regulated management of gas meters, electric meters, and ADM devices.

Recommended Story: Why do corrections happen?

Receive News & Ratings for Smart Metering Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Smart Metering Systems and related companies with MarketBeat.com's FREE daily email newsletter.