DS Smith (OTCMKTS:DITHF) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Friday, Zacks.com reports.

According to Zacks, “DS Smith Plc is a manufacturer of corrugated products primarily in Europe. The company’s division consists of paper, plastics, packaging and recycling. DS Smith Plc is headquartered in London, the United Kingdom. “

DS Smith stock traded up $0.11 during midday trading on Friday, hitting $4.67. 59,715 shares of the stock were exchanged, compared to its average volume of 3,043. DS Smith has a 52-week low of $3.75 and a 52-week high of $4.95. The stock has a market capitalization of $5.02 billion, a price-to-earnings ratio of 10.86 and a beta of 0.60. The business’s 50-day moving average price is $4.50 and its 200-day moving average price is $4.37. The company has a quick ratio of 0.64, a current ratio of 0.88 and a debt-to-equity ratio of 0.77.

About DS Smith

DS Smith Plc designs and manufactures corrugated packaging and plastic packaging for consumer goods. It provides transit and transport, consumer, retail and shelf ready, online and e-retail, industrial, hazardous, multi-material, inserts and cushioning, and electrostatic discharge packaging products, as well as wrap arounds, trays, and bag-in-boxes; displays and promotional packaging products; corrugated pallets; Sheetfeeding products; packaging machine systems; and Sizzlepak, a stuffing material made of paper, folded in a zigzag shape, and cut into narrow strips, as well as provides packaging consultancy services.

See Also: Quick Ratio

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