DS Smith (LON:SMDS) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

DS Smith Plc (LON:SMDS) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 480.20 ($5.86) and traded as high as GBX 570.50 ($6.97). DS Smith shares last traded at GBX 570 ($6.96), with a volume of 1,929,253 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reissued a “buy” rating and set a GBX 550 ($6.72) price objective on shares of DS Smith in a report on Friday, December 6th.

DS Smith Price Performance

The firm has a fifty day moving average of GBX 555.29 and a two-hundred day moving average of GBX 482.53. The company has a current ratio of 0.86, a quick ratio of 0.59 and a debt-to-equity ratio of 70.02. The company has a market capitalization of £7.87 billion, a PE ratio of 2,035.71, a PEG ratio of 1.06 and a beta of 0.87.

DS Smith Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Thursday, December 12th will be given a dividend of GBX 6.20 ($0.08) per share. This represents a yield of 1.07%. The ex-dividend date of this dividend is Thursday, December 12th. DS Smith’s payout ratio is currently 6,428.57%.

DS Smith Company Profile

DS Smith Plc provides packaging solutions, paper products, and recycling services worldwide. The company offers transit and transport, consumer, retail and shelf ready, heavy duty, fiber base pallets, automotive standard, multi-material, dangerous goods, and e-commerce packaging, as well as packaging for food and drinks, health and beauty, apparel and footwear, home and DIY, and consumer electronics.