Smiths News (LON:SNWS) Trading 1.1% Higher

Shares of Smiths News plc (LON:SNWS) were up 1.1% during trading on Tuesday . The stock traded as high as GBX 49.60 ($0.62) and last traded at GBX 49.30 ($0.61). Approximately 1,127,698 shares traded hands during mid-day trading, an increase of 390% from the average daily volume of 230,308 shares. The stock had previously closed at GBX 48.75 ($0.61).

Analyst Ratings Changes

Separately, Canaccord Genuity Group started coverage on shares of Smiths News in a report on Thursday, February 29th. They issued a “buy” rating and a GBX 85 ($1.06) price objective on the stock.

Smiths News Trading Up 1.1 %

The firm’s fifty day moving average price is GBX 48.21 and its 200 day moving average price is GBX 48.11. The stock has a market capitalization of £122.12 million, a price-to-earnings ratio of 493.00, a price-to-earnings-growth ratio of 0.29 and a beta of 0.80.

Smiths News Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, February 8th. Stockholders of record on Thursday, January 11th were issued a GBX 2.75 ($0.03) dividend. This is a positive change from Smiths News’s previous dividend of $1.40. This represents a dividend yield of 5.62%. The ex-dividend date was Thursday, January 11th. Smiths News’s dividend payout ratio is currently 4,000.00%.

About Smiths News

Smiths News plc, together with its subsidiaries, engages in the distributing of newspapers and magazines in the United Kingdom and internationally. It operates through Smiths News Core, Dawson Media Direct, Instore, and Other businesses segments. The company supplies inflight entertainment to airlines and travel points.