Smiths News Plc (CNCT.L) (LON:CNCT) Shares Up 1.6% – Time to Buy?

Smiths News Plc (CNCT.L) (LON:CNCT)’s share price was up 1.6% during mid-day trading on Tuesday . The stock traded as high as GBX 26.40 ($0.34) and last traded at GBX 25.60 ($0.33). Approximately 16,586 shares changed hands during trading, a decline of 96% from the average daily volume of 411,381 shares. The stock had previously closed at GBX 25.20 ($0.32).

Smiths News Plc (CNCT.L) Trading Up 1.6 %

The company has a market capitalization of £63.41 million and a P/E ratio of -1.41. The business 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.