Smiths News Plc (CNCT.L) (LON:CNCT) Stock Price Crosses Above 50-Day Moving Average – Here’s Why

Smiths News Plc (CNCT.L) (LON:CNCT)’s stock price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 25.60 ($0.33) and traded as high as GBX 26.40 ($0.34). Smiths News Plc (CNCT.L) shares last traded at GBX 25.60 ($0.33), with a volume of 16,586 shares changing hands.

Smiths News Plc (CNCT.L) Stock Performance

The stock has a market cap of £63.41 million and a P/E ratio of -1.41. The firm’s 50 day moving average is GBX 25.60 and its 200 day moving average is 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.