DFS Furniture (LON:DFS) Shares Pass Below 200-Day Moving Average of $272.37

DFS Furniture plc (LON:DFS) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 272.37 ($3.56) and traded as low as GBX 258.60 ($3.38). DFS Furniture shares last traded at GBX 265 ($3.46), with a volume of 44,511 shares traded.

Separately, Berenberg Bank increased their price objective on shares of DFS Furniture from GBX 340 ($4.44) to GBX 365 ($4.77) and gave the stock a “buy” rating in a research note on Monday, October 4th.

The company has a market capitalization of £701.52 million and a PE ratio of 7.94. The company’s 50 day moving average is GBX 267.08 and its two-hundred day moving average is GBX 272.41. The company has a quick ratio of 0.11, a current ratio of 0.25 and a debt-to-equity ratio of 174.13.

The business also recently announced a dividend, which will be paid on Thursday, December 23rd. Investors of record on Thursday, November 25th will be paid a dividend of GBX 7.50 ($0.10) per share. This represents a yield of 2.76%. This is a boost from DFS Furniture’s previous dividend of $3.70. The ex-dividend date of this dividend is Thursday, November 25th.

About DFS Furniture (LON:DFS)

DFS Furniture plc designs, manufactures, sells, delivers, installs, and retails a range of sofas, upholstered furniture, and other living room furniture products in the United Kingdom and Europe. The company operates its products under the brands of DFS, Sofology, Dwell, and Sofa Workshop. It operates a network of 125 DFS stores, 42 Sofology stores, and 36 Dwell stores.

See Also: How to Invest in Growth Stocks

Receive News & Ratings for DFS Furniture Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DFS Furniture and related companies with MarketBeat.com's FREE daily email newsletter.