DS Smith (LON:SMDS) Stock Price Crosses Above Two Hundred Day Moving Average - Here's What Happened

DS Smith Plc (LON:SMDS - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 419.51 ($5.44) and traded as high as GBX 479.54 ($6.22). DS Smith shares last traded at GBX 477.40 ($6.19), with a volume of 2,789,752 shares traded.

Analysts Set New Price Targets

Separately, Stifel Nicolaus lowered DS Smith to a "hold" rating and reduced their price objective for the company from GBX 498 ($6.46) to GBX 480 ($6.22) in a research report on Wednesday, September 4th.

DS Smith Trading Down 2.1 %

The firm has a 50-day moving average of GBX 465.64 and a 200 day moving average of GBX 419.51. The company has a current ratio of 0.86, a quick ratio of 0.59 and a debt-to-equity ratio of 70.02. The stock has a market capitalization of £6.44 billion, a price-to-earnings ratio of 1,702.86, a PEG ratio of 1.06 and a beta of 0.87.

Insiders Place Their Bets

In related news, insider Miles Roberts sold 96,348 shares of DS Smith stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of GBX 471 ($6.11), for a total transaction of £453,799.08 ($588,508.73). 6.11% of the stock is currently owned by 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.