Smiths News (LON:SNWS) Shares Up 1% - Still a Buy?

Smiths News plc (LON:SNWS - Get Free Report) shares were up 1% on Thursday . The company traded as high as GBX 62.02 ($0.83) and last traded at GBX 62 ($0.83). Approximately 82,610 shares traded hands during mid-day trading, a decline of 81% from the average daily volume of 430,909 shares. The stock had previously closed at GBX 61.40 ($0.83).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reaffirmed a "buy" rating and issued a GBX 95 ($1.28) price target on shares of Smiths News in a report on Wednesday, May 7th.

Smiths News Stock Performance

The firm's 50 day simple moving average is GBX 55.36 and its 200-day simple moving average is GBX 58.84. The company has a market cap of £147.39 million, a price-to-earnings ratio of 5.78, a PEG ratio of 0.29 and a beta of 0.83. The company has a debt-to-equity ratio of -1,469.70, a quick ratio of 0.83 and a current ratio of 0.98.

Smiths News (LON:SNWS - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported GBX 5.40 ($0.07) earnings per share (EPS) for the quarter. Smiths News had a net margin of 2.31% and a negative return on equity of 296.51%. On average, sell-side analysts predict that Smiths News plc will post 10.5555556 EPS for the current year.

Smiths News Company Profile

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.