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

DS Smith Plc (LON:SMDS) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-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 Analysts Forecast Growth

Separately, Numis Securities cut 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 Trading Down 10.3 %

The stock’s fifty day moving average price is GBX 356.14 and its 200 day moving average price is GBX 313. The company has a debt-to-equity ratio of 72.82, a current ratio of 0.94 and a quick ratio of 0.59. The stock has a market capitalization of £4.95 billion, a P/E ratio of 1,054.71, 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.