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

Posted by Grant Hamersma on Jan 11th, 2025

Smiths News plc (LON:SNWS – Get Free Report) shares dropped 11% on Thursday . The company traded as low as GBX 59.40 ($0.73) and last traded at GBX 60.17 ($0.73). Approximately 3,049,240 shares were traded during mid-day trading, an increase of 114% from the average daily volume of 1,422,657 shares. The stock had previously closed at GBX 67.60 ($0.83).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 95 ($1.16) price objective on shares of Smiths News in a report on Tuesday, November 5th.

Check Out Our Latest Analysis on SNWS

Smiths News Stock Performance

The company has a market capitalization of £138.46 million, a PE ratio of 648.89, a P/E/G ratio of 0.29 and a beta of 0.83. The business has a fifty day moving average price of GBX 63.07 and a 200 day moving average price of GBX 59.83.

Smiths News Increases Dividend

The firm also recently declared a dividend, which will be paid on Thursday, February 6th. Investors of record on Thursday, January 9th will be issued a GBX 5.40 ($0.07) dividend. This is a positive change from Smiths News’s previous dividend of $1.75. The ex-dividend date is Thursday, January 9th. This represents a yield of 9.47%. Smiths News’s dividend payout ratio (DPR) is presently 5,555.56%.

Insiders Place Their Bets

In related news, insider Jonathan Bunting sold 1,183,423 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of GBX 61 ($0.74), for a total transaction of £721,888.03 ($881,426.17). Also, insider Paul Baker sold 319,586 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of GBX 61 ($0.74), for a total value of £194,947.46 ($238,031.09). Insiders sold a total of 1,993,578 shares of company stock worth $121,608,258 over the last ninety days. 13.12% of the stock is owned by company 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.