DFS Furniture (LON:DFS) Share Price Passes Below Fifty Day Moving Average of $115.98

DFS Furniture plc (LON:DFS)’s stock price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 115.98 ($1.47) and traded as low as GBX 111.56 ($1.41). DFS Furniture shares last traded at GBX 112.80 ($1.43), with a volume of 72,378 shares traded.

Analyst Ratings Changes

DFS has been the topic of several recent research reports. Shore Capital restated a “not rated” rating on shares of DFS Furniture in a report on Wednesday, March 20th. Berenberg Bank cut their price objective on DFS Furniture from GBX 185 ($2.34) to GBX 180 ($2.27) and set a “buy” rating on the stock in a research note on Wednesday, January 31st.

DFS Furniture Stock Performance

The company has a quick ratio of 0.10, a current ratio of 0.30 and a debt-to-equity ratio of 243.44. The stock’s 50-day moving average price is GBX 115.98 and its 200 day moving average price is GBX 111.99. The company has a market cap of £264.11 million, a P/E ratio of 1,128.00, a price-to-earnings-growth ratio of 0.56 and a beta of 1.60.

DFS Furniture Cuts Dividend

The company also recently announced a dividend, which will be paid on Thursday, May 30th. Investors of record on Thursday, April 18th will be issued a GBX 1.10 ($0.01) dividend. The ex-dividend date of this dividend is Thursday, April 18th. This represents a yield of 0.98%. DFS Furniture’s dividend payout ratio (DPR) is presently 5,000.00%.

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.