DS Smith (LON:SMDS) Shares Pass Above 200-Day Moving Average – Here’s What Happened

DS Smith Plc (LON:SMDS)’s stock price 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 changing hands.

Analyst Ratings Changes

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

DS Smith Stock Performance

The company has a quick ratio of 0.59, a current ratio of 0.86 and a debt-to-equity ratio of 70.02. The firm has a 50 day moving average of GBX 555.29 and a 200-day moving average of GBX 482.53. The company has a market cap of £7.87 billion, a P/E 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 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 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.