DS Smith (OTCMKTS:DITHF) Reaches New 52-Week High – Time to Buy?

DS Smith Plc (OTCMKTS:DITHF) shares hit a new 52-week high during trading on Friday . The company traded as high as $7.51 and last traded at $7.51, with a volume of 5847 shares changing hands. The stock had previously closed at $7.17.

Analysts Set New Price Targets

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

DS Smith Price Performance

The company has a quick ratio of 0.64, a current ratio of 0.86 and a debt-to-equity ratio of 0.52. The business’s fifty day moving average is $7.19 and its 200-day moving average is $6.40.

DS Smith Cuts Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Thursday, December 12th. This represents a dividend yield of 3.16%.

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.