DS Smith (LON:SMDS) Shares Pass Above 200-Day Moving Average - Should You Sell?

DS Smith Plc (LON:SMDS - Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 411.18 ($5.38) and traded as high as GBX 458.60 ($6.00). DS Smith shares last traded at GBX 456.10 ($5.97), with a volume of 4,130,010 shares trading hands.

Analysts Set New Price Targets

Separately, Stifel Nicolaus cut DS Smith to a "hold" rating and lowered their price target for the stock from GBX 498 ($6.52) to GBX 480 ($6.28) in a report on Wednesday, September 4th.

DS Smith Stock Up 2.5 %

The company has a debt-to-equity ratio of 70.02, a quick ratio of 0.59 and a current ratio of 0.86. The firm's 50 day moving average price is GBX 460.86 and its two-hundred day moving average price is GBX 411.57. The company has a market cap of £6.46 billion, a P/E ratio of 1,671.43, a price-to-earnings-growth ratio of 1.06 and a beta of 0.87.

Insider Activity

In related news, insider Miles Roberts sold 96,348 shares of DS Smith stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of GBX 471 ($6.16), for a total value of £453,799.08 ($593,900.12). Company insiders own 6.11% of the company's stock.

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.