DS Smith (LON:SMDS) Stock Crosses Above 200 Day Moving Average – Should You Sell?

DS Smith Plc (LON:SMDS) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 458.26 ($5.78) and traded as high as GBX 549.50 ($6.94). DS Smith shares last traded at GBX 547 ($6.90), with a volume of 1,622,618 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Stifel Nicolaus cut shares of DS Smith to a “hold” rating and dropped their price target for the company from GBX 498 ($6.29) to GBX 480 ($6.06) in a research report on Wednesday, September 4th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 550 ($6.94) price objective on shares of DS Smith in a research note on Friday, December 6th.

DS Smith Stock Performance

The company has a debt-to-equity ratio of 70.02, a quick ratio of 0.59 and a current ratio of 0.86. The stock has a market cap of £7.55 billion, a PE ratio of 1,953.57, a price-to-earnings-growth ratio of 1.06 and a beta of 0.87. The company’s 50 day simple moving average is GBX 522.64 and its 200 day simple moving average is GBX 458.26.

DS Smith Cuts Dividend

The business also recently declared a dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Thursday, December 12th will be paid a dividend of GBX 6.20 ($0.08) per share. The ex-dividend date is Thursday, December 12th. This represents a dividend yield of 1.07%. DS Smith’s payout ratio 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.