Smart Metering Systems (LON:SMS) Stock Passes Below 50 Day Moving Average of $782.05

Smart Metering Systems plc (LON:SMS – Get Rating) shares crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 782.05 ($9.73) and traded as low as GBX 776 ($9.65). Smart Metering Systems shares last traded at GBX 782 ($9.73), with a volume of 96,045 shares.

Analyst Ratings Changes

Separately, Peel Hunt reiterated a “buy” rating and set a GBX 1,159 ($14.42) price objective on shares of Smart Metering Systems in a research report on Tuesday, March 14th.

Smart Metering Systems Price Performance

The company has a debt-to-equity ratio of 14.30, a current ratio of 1.72 and a quick ratio of 1.40. The firm has a market capitalization of £1.04 billion, a price-to-earnings ratio of 7,109.09, a PEG ratio of 1.81 and a beta of 0.42. The business’s fifty day simple moving average is GBX 782.05 and its 200 day simple moving average is GBX 810.02.

Smart Metering Systems Announces Dividend

The business also recently declared a dividend, which will be paid on Thursday, July 27th. Shareholders of record on Thursday, July 6th will be issued a GBX 7.56 ($0.09) dividend. This represents a yield of 0.92%. The ex-dividend date of this dividend is Thursday, July 6th. Smart Metering Systems’s payout ratio is 27,272.73%.

Insiders Place Their Bets

In related news, insider Tim Mortlock purchased 16,114 shares of Smart Metering Systems stock in a transaction on Tuesday, March 28th. The stock was acquired at an average cost of GBX 745 ($9.27) per share, for a total transaction of £120,049.30 ($149,315.05). In other Smart Metering Systems news, insider Tim Mortlock acquired 16,114 shares of the company’s stock in a transaction on Tuesday, March 28th. The shares were purchased at an average cost of GBX 745 ($9.27) per share, with a total value of £120,049.30 ($149,315.05). Also, insider Miriam Greenwood acquired 2,728 shares of the company’s stock in a transaction on Thursday, April 6th. The stock was acquired at an average cost of GBX 751 ($9.34) per share, for a total transaction of £20,487.28 ($25,481.69). Corporate insiders own 8.87% of the company’s stock.

About Smart Metering Systems

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Smart Metering Systems plc, together with its subsidiaries, installs, operates, and manages meter and energy infrastructure assets, and related data services in the United Kingdom. It operates through three segments: Asset Management, Asset Installation, and Energy Management. The company engages in the regulated management of gas meters, electric meters, and ADM devices.