DS Smith (LON:SMDS) Stock Passes Above 200-Day Moving Average – Here’s Why

Shares of DS Smith Plc (LON:SMDS) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 474 ($5.89) and traded as high as GBX 550.50 ($6.84). DS Smith shares last traded at GBX 548 ($6.81), with a volume of 3,084,469 shares.

Analyst Ratings Changes

Separately, Jefferies Financial Group restated a “buy” rating and set a GBX 550 ($6.83) target price on shares of DS Smith in a research report on Friday, December 6th.

DS Smith Trading Down 0.2 %

The firm has a market cap of £7.54 billion, a PE ratio of 1,952.36, a PEG ratio of 1.06 and a beta of 0.87. The company has a debt-to-equity ratio of 70.02, a current ratio of 0.86 and a quick ratio of 0.59. The business has a 50-day moving average price of GBX 547.15 and a two-hundred day moving average price of GBX 475.18.

DS Smith Cuts Dividend

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

About DS Smith

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.