DS Smith (OTCMKTS:DITHF) Downgraded to Sell at Zacks Investment Research

Zacks Investment Research cut shares of DS Smith (OTCMKTS:DITHF) from a hold rating to a sell rating in a research note issued to investors on Thursday, 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. “

DITHF has been the topic of several other research reports. Jefferies Financial Group raised shares of DS Smith from a hold rating to a buy rating in a research note on Thursday, April 2nd. UBS Group reaffirmed a neutral rating on shares of DS Smith in a research note on Wednesday, June 17th. Finally, ValuEngine raised shares of DS Smith from a sell rating to a hold rating in a research note on Tuesday, March 24th.

Shares of DITHF stock remained flat at $$4.20 on Thursday. 4 shares of the company traded hands, compared to its average volume of 363. DS Smith has a 52 week low of $3.10 and a 52 week high of $5.32. The firm’s 50 day moving average is $3.90 and its two-hundred day moving average is $4.32. The stock has a market cap of $4.49 billion, a PE ratio of 9.76 and a beta of 0.74.

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.

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