DS Smith (LON:SMDS) Share Price Passes Above 200 Day Moving Average of $311.86

DS Smith Plc (LON:SMDS)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 311.86 ($3.88) and traded as high as GBX 400.80 ($4.99). DS Smith shares last traded at GBX 397.20 ($4.94), with a volume of 35,903,235 shares.

Wall Street Analyst Weigh In

Separately, Numis Securities lowered shares of DS Smith to a “hold” rating and set a GBX 415 ($5.17) price target on the stock. in a report on Friday.

DS Smith Price Performance

The business’s 50 day moving average is GBX 356.14 and its two-hundred day moving average is GBX 313. The firm has a market cap of £4.95 billion, a P/E ratio of 1,054.71, a P/E/G ratio of 1.06 and a beta of 0.92. The company has a quick ratio of 0.59, a current ratio of 0.94 and a debt-to-equity ratio of 72.82.

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.