DS Smith (LON:SMDS) Share Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Shares of DS Smith Plc (LON:SMDS) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 431.32 ($5.44) and traded as high as GBX 565 ($7.12). DS Smith shares last traded at GBX 562.50 ($7.09), with a volume of 4,394,204 shares trading hands.

Analyst Ratings Changes

Separately, Stifel Nicolaus lowered shares of DS Smith to a “hold” rating and cut their price objective for the company from GBX 498 ($6.28) to GBX 480 ($6.05) in a research report on Wednesday, September 4th.

DS Smith Price Performance

The stock’s 50-day moving average price is GBX 483.52 and its 200 day moving average price is GBX 431.32. The firm has a market cap of £7.78 billion, a price-to-earnings ratio of 1,994.64, a price-to-earnings-growth ratio of 1.06 and a beta of 0.87. The company has a quick ratio of 0.59, a current ratio of 0.86 and a debt-to-equity ratio of 70.02.

Insider Activity

In related news, insider Miles Roberts sold 96,348 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of GBX 471 ($5.94), for a total value of £453,799.08 ($571,895.50). 6.11% of the stock is owned by company insiders.

DS Smith Company Profile

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.