Smiths News (LON:SNWS) Shares Up 3.2% – What’s Next?

Smiths News plc (LON:SNWS)’s share price was up 3.2% during trading on Friday . The company traded as high as GBX 64.60 ($0.81) and last traded at GBX 64.60 ($0.81). Approximately 322,837 shares were traded during mid-day trading, a decline of 44% from the average daily volume of 581,274 shares. The stock had previously closed at GBX 62.60 ($0.79).

Analyst Ratings Changes

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 95 ($1.19) price target on shares of Smiths News in a report on Tuesday, November 5th.

Smiths News Stock Performance

The firm has a market cap of £153.16 million, a PE ratio of 717.78, a PEG ratio of 0.29 and a beta of 0.83. The company’s 50-day simple moving average is GBX 60.65 and its two-hundred day simple moving average is GBX 59.19.

Smiths News Increases Dividend

The business also recently announced a dividend, which will be paid on Thursday, February 6th. Stockholders of record on Thursday, January 9th will be given a GBX 5.40 ($0.07) dividend. This represents a dividend yield of 9.47%. This is a boost from Smiths News’s previous dividend of $1.75. The ex-dividend date of this dividend is Thursday, January 9th. Smiths News’s dividend payout ratio (DPR) is currently 5,555.56%.

Insider Transactions at Smiths News

In other news, insider Jonathan Bunting sold 490,569 shares of the firm’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of GBX 61 ($0.77), for a total transaction of £299,247.09 ($376,080.29). Also, insider Deborah Rabey purchased 20,663 shares of the business’s stock in a transaction dated Friday, November 29th. The shares were purchased at an average price of GBX 63 ($0.79) per share, for a total transaction of £13,017.69 ($16,360.05). In the last quarter, insiders sold 1,993,578 shares of company stock valued at $121,608,258. Corporate insiders own 13.12% of the company’s stock.

Smiths News Company Profile

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.