WH Smith (LON:SMWH) Shares Cross Below Two Hundred Day Moving Average of $1,234.79

WH Smith PLC (LON:SMWH) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 1,234.79 ($15.66) and traded as low as GBX 1,148 ($14.56). WH Smith shares last traded at GBX 1,191 ($15.11), with a volume of 352,307 shares traded.

Analyst Ratings Changes

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 1,600 ($20.30) price objective on shares of WH Smith in a research note on Wednesday, June 5th.

WH Smith Price Performance

The stock has a 50 day simple moving average of GBX 1,159.57 and a two-hundred day simple moving average of GBX 1,234.79. The company has a market cap of £1.54 billion, a price-to-earnings ratio of 2,430.61, a price-to-earnings-growth ratio of 2.65 and a beta of 1.61. The company has a debt-to-equity ratio of 326.20, a current ratio of 0.64 and a quick ratio of 0.42.

WH Smith Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, August 1st. Shareholders of record on Thursday, July 11th will be paid a dividend of GBX 11 ($0.14) per share. This represents a yield of 0.87%. The ex-dividend date is Thursday, July 11th. WH Smith’s dividend payout ratio (DPR) is currently 6,530.61%.

Insiders Place Their Bets

In other WH Smith news, insider Annette Court purchased 900 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The shares were acquired at an average price of GBX 1,110 ($14.08) per share, with a total value of £9,990 ($12,672.84). 1.80% of the stock is currently owned by corporate insiders.

WH Smith Company Profile

WH Smith PLC operates as a retailer in the United Kingdom and internationally. It operates in two segments, Travel and High Street. The Travel segment offers news, books, and convenience for travelling customers. It operates stores in airports, hospitals, railway stations, and motorway service areas.