DS Smith (LON:SMDS) Share Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

DS Smith Plc (LON:SMDS)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 431.32 ($5.44) and traded as high as GBX 565 ($7.12). DS Smith shares last traded at GBX 562.50 ($7.09), with a volume of 4,394,204 shares traded.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus lowered shares of DS Smith to a “hold” rating and reduced their price target for the stock from GBX 498 ($6.28) to GBX 480 ($6.05) in a research note on Wednesday, September 4th.

DS Smith Stock Performance

The firm’s fifty day moving average price is GBX 483.52 and its 200 day moving average price is GBX 431.32. 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 firm has a market capitalization of £7.78 billion, a PE ratio of 1,994.64, a PEG ratio of 1.06 and a beta of 0.87.

Insider Activity

In other news, insider Miles Roberts sold 96,348 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of GBX 471 ($5.94), for a total transaction of £453,799.08 ($571,895.50). 6.11% of the stock is currently owned by corporate insiders.

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.