DS Smith (LON:SMDS) Stock Price Crosses Above 200 Day Moving Average of $319.77

DS Smith Plc (LON:SMDS)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 319.77 ($4.02) and traded as high as GBX 371.80 ($4.67). DS Smith shares last traded at GBX 360.93 ($4.53), with a volume of 24,724,992 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Numis Securities downgraded DS Smith to a “hold” rating and set a GBX 415 ($5.21) price objective for the company. in a research report on Friday, April 19th.

DS Smith Price Performance

The company has a debt-to-equity ratio of 72.82, a quick ratio of 0.59 and a current ratio of 0.94. The stock’s 50-day moving average is GBX 363.45 and its two-hundred day moving average is GBX 319.77. The stock has a market cap of £4.97 billion, a PE ratio of 1,061.56, a PEG ratio of 1.06 and a beta of 0.92.

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.