Smiths News (LON:SNWS) Shares Up 2.1% – Time to Buy?

Shares of Smiths News plc (LON:SNWS) shot up 2.1% during mid-day trading on Wednesday . The stock traded as high as GBX 70.40 and last traded at GBX 68.60. 257,319 shares were traded during trading, a decline of 67% from the average session volume of 768,660 shares. The stock had previously closed at GBX 67.20.

Smiths News Price Performance

The company has a current ratio of 0.94, a quick ratio of 0.83 and a debt-to-equity ratio of 338.95. The stock has a market capitalization of £164.58 million, a PE ratio of 6.02, a PEG ratio of 0.29 and a beta of 0.33. The business has a fifty day moving average price of GBX 66.44 and a 200-day moving average price of GBX 67.70.

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. Our teams go further, when others stop, striving to meet the highest standards in all we do.