DS Smith (OTCMKTS:DITHF) Stock Price Down 3.5% – Here’s What Happened

Shares of DS Smith Plc (OTCMKTS:DITHF) were down 3.5% during mid-day trading on Friday . The stock traded as low as $7.17 and last traded at $7.17. Approximately 250 shares changed hands during trading, a decline of 94% from the average daily volume of 3,914 shares. The stock had previously closed at $7.43.

Analyst Ratings Changes

Separately, Barclays upgraded DS Smith from a “strong sell” rating to a “hold” rating in a research note on Monday, November 11th.

DS Smith Stock Down 3.5 %

The company has a debt-to-equity ratio of 0.52, a current ratio of 0.86 and a quick ratio of 0.64. The company’s fifty day moving average price is $7.11 and its 200 day moving average price is $6.35.

DS Smith Cuts Dividend

The business also recently announced a dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Friday, December 13th will be issued a dividend of $6.20 per share. This represents a dividend yield of 3.16%. The ex-dividend date of this dividend is Thursday, December 12th.

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.