DS Smith (LON:SMDS) Stock Crosses Above 200-Day Moving Average – Time to Sell?

DS Smith Plc (LON:SMDS)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 492.84 ($6.08) and traded as high as GBX 594.50 ($7.33). DS Smith shares last traded at GBX 592.50 ($7.31), with a volume of 2,298,771 shares trading hands.

Analysts Set New Price Targets

Separately, Jefferies Financial Group reissued a “buy” rating and issued a GBX 550 ($6.78) price objective on shares of DS Smith in a report on Friday, December 6th.

DS Smith Trading Up 0.5 %

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 company’s 50-day moving average price is GBX 561.83 and its 200-day moving average price is GBX 492.84. The firm has a market cap of £8.18 billion, a price-to-earnings ratio of 2,116.07, a price-to-earnings-growth ratio of 1.06 and a beta of 0.87.

DS Smith Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Thursday, December 12th will be issued a GBX 6.20 ($0.08) dividend. The ex-dividend date of this dividend is Thursday, December 12th. This represents a yield of 1.07%. DS Smith’s 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.