DS Smith (LON:SMDS) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

Shares of DS Smith Plc (LON:SMDS) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 501.08 ($6.23) and traded as high as GBX 612 ($7.61). DS Smith shares last traded at GBX 601.49 ($7.48), with a volume of 18,548,477 shares traded.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group restated a “buy” rating and issued a GBX 550 ($6.84) price objective on shares of DS Smith in a research report on Friday, December 6th.

DS Smith Stock Down 0.3 %

The business’s fifty day simple moving average is GBX 566.47 and its 200 day simple moving average is GBX 501.08. 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 stock has a market cap of £8.27 billion, a price-to-earnings ratio of 2,141.07, a price-to-earnings-growth ratio of 1.06 and a beta of 0.87.

DS Smith (LON:SMDS) last released its earnings results on Thursday, December 5th. The company reported GBX 8.30 ($0.10) EPS for the quarter. DS Smith had a net margin of 5.64% and a return on equity of 9.58%. Equities analysts forecast that DS Smith Plc will post 31.7782285 earnings per share for the current fiscal year.

DS Smith Cuts Dividend

The company also recently declared 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 dividend payout ratio (DPR) 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.