DS Smith (OTCMKTS:DITHF) Stock Price Down 3.5% – Here’s What Happened

DS Smith Plc (OTCMKTS:DITHF)’s share price dropped 3.5% on Friday . The stock traded as low as $7.17 and last traded at $7.17. Approximately 250 shares traded hands during trading, a decline of 94% from the average daily volume of 3,914 shares. The stock had previously closed at $7.43.

Wall Street Analysts Forecast Growth

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

DS Smith Stock Performance

The company has a current ratio of 0.86, a quick ratio of 0.64 and a debt-to-equity ratio of 0.52. The company’s 50 day simple moving average is $7.11 and its 200-day simple moving average is $6.35.

DS Smith Cuts Dividend

The company also recently announced a dividend, which will be paid on Wednesday, January 29th. Investors of record on Friday, December 13th will be given a dividend of $6.20 per share. The ex-dividend date is Thursday, December 12th. This represents a yield of 3.16%.

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.