DS Smith (LON:SMDS) Stock Price Up 14.3% – Here’s What Happened

DS Smith Plc (LON:SMDS) was up 14.3% during mid-day trading on Friday . The company traded as high as GBX 551.50 ($7.15) and last traded at GBX 545.50 ($7.07). Approximately 15,737,945 shares were traded during mid-day trading, an increase of 73% from the average daily volume of 9,116,057 shares. The stock had previously closed at GBX 477.40 ($6.19).

Analyst Ratings Changes

Separately, Stifel Nicolaus lowered shares of 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 note on Wednesday, September 4th.

DS Smith Trading Down 1.4 %

The firm’s 50-day moving average price is GBX 466.15 and its 200 day moving average price is GBX 420.37. The company has a market cap of £7.42 billion, a price-to-earnings ratio of 1,948.21, a P/E/G ratio of 1.06 and a beta of 0.87. The company has a current ratio of 0.86, a quick ratio of 0.59 and a debt-to-equity ratio of 70.02.

Insider Buying and Selling at DS Smith

In other 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 ($6.11), for a total transaction of £453,799.08 ($588,508.73). Insiders own 6.11% of the company’s stock.

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.