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

DS Smith Plc (LON:SMDS) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 474 ($5.89) and traded as high as GBX 550.50 ($6.84). DS Smith shares last traded at GBX 548 ($6.81), with a volume of 3,084,469 shares changing hands.

Analyst Ratings Changes

Separately, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 550 ($6.83) price objective on shares of DS Smith in a research report on Friday, December 6th.

DS Smith Trading Down 0.2 %

The company has a 50 day simple moving average of GBX 547.15 and a 200 day simple moving average of GBX 475.18. The stock has a market capitalization of £7.54 billion, a PE ratio of 1,952.36, a P/E/G ratio of 1.06 and a beta of 0.87. The company has a current ratio of 0.86, a quick ratio of 0.59 and a debt-to-equity ratio of 70.02.

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 issued a GBX 6.20 ($0.08) dividend. This represents a dividend yield of 1.07%. The ex-dividend date is Thursday, December 12th. DS Smith’s payout ratio is 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.