Smiths News Plc (CNCT.L) (LON:CNCT) Shares Cross Below 200-Day Moving Average – Should You Sell?

Smiths News Plc (CNCT.L) (LON:CNCT)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 25.60 ($0.34) and traded as low as GBX 25.50 ($0.34). Smiths News Plc (CNCT.L) shares last traded at GBX 25.60 ($0.34), with a volume of 16,586 shares traded.

Smiths News Plc (CNCT.L) Price Performance

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