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

DS Smith Plc (LON:SMDS) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 466.48 ($5.85) and traded as high as GBX 547.14 ($6.86). DS Smith shares last traded at GBX 546.50 ($6.85), with a volume of 334,166 shares changing hands.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Stifel Nicolaus downgraded shares of DS Smith to a “hold” rating and lowered their target price for the stock from GBX 498 ($6.25) to GBX 480 ($6.02) in a research note on Wednesday, September 4th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 550 ($6.90) price objective on shares of DS Smith in a research report on Friday, December 6th.

DS Smith Stock Performance

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’s fifty day moving average price is GBX 535.75 and its 200-day moving average price is GBX 467.03. The firm has a market cap of £7.54 billion, a price-to-earnings ratio of 1,951.79, a PEG ratio of 1.06 and a beta of 0.87.

DS Smith Cuts Dividend

The company also recently announced a dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Thursday, December 12th will be given a dividend of GBX 6.20 ($0.08) per share. This represents a dividend yield of 1.07%. The ex-dividend date is Thursday, December 12th. 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.