DFS Furniture (LON:DFS) Shares Cross Above 50-Day Moving Average – Here’s What Happened

DFS Furniture plc (LON:DFS) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 139 ($1.76) and traded as high as GBX 145 ($1.83). DFS Furniture shares last traded at GBX 145 ($1.83), with a volume of 15,214 shares.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on DFS. Shore Capital reissued a “not rated” rating on shares of DFS Furniture in a report on Friday, November 22nd. Berenberg Bank reaffirmed a “buy” rating and set a GBX 185 ($2.34) price objective on shares of DFS Furniture in a report on Monday, January 27th.

DFS Furniture Price Performance

The stock’s 50-day moving average price is GBX 139.02 and its 200 day moving average price is GBX 132.61. The firm has a market capitalization of £334.14 million, a price-to-earnings ratio of -77.64, a PEG ratio of 0.56 and a beta of 1.58. The company has a quick ratio of 0.10, a current ratio of 0.35 and a debt-to-equity ratio of 258.38.

DFS Furniture Company Profile

DFS Furniture plc designs, manufactures, sells, delivers, installs, and retails upholstered furniture in the United Kingdom and the Republic of Ireland. The company retails sofas under the DFS and Sofology brand names. It also engages in the manufacture of upholstered furniture and the supply of contract logistics.