DFS Furniture (LON:DFS) Shares Pass Above 50-Day Moving Average of $113.74

Shares of DFS Furniture plc (LON:DFS) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 113.74 ($1.43) and traded as high as GBX 123 ($1.55). DFS Furniture shares last traded at GBX 118 ($1.48), with a volume of 91,122 shares traded.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Berenberg Bank lowered their price target on DFS Furniture from GBX 180 ($2.26) to GBX 120 ($1.51) and set a “hold” rating on the stock in a report on Wednesday, March 27th. Shore Capital reissued a “not rated” rating on shares of DFS Furniture in a research note on Wednesday, March 20th.

DFS Furniture Price Performance

The stock has a market capitalization of £282.73 million, a price-to-earnings ratio of 1,475.00, a P/E/G ratio of 0.56 and a beta of 1.59. The business has a 50-day simple moving average of GBX 113.74 and a two-hundred day simple moving average of GBX 113.10. The company has a quick ratio of 0.10, a current ratio of 0.23 and a debt-to-equity ratio of 239.47.

DFS Furniture Cuts Dividend

The company also recently announced a dividend, which will be paid on Thursday, May 30th. Investors of record on Thursday, April 18th will be issued a dividend of GBX 1.10 ($0.01) per share. This represents a yield of 0.98%. The ex-dividend date of this dividend is Thursday, April 18th. DFS Furniture’s payout ratio is currently 5,000.00%.

About DFS Furniture

DFS Furniture plc designs, manufactures, sells, delivers, installs, and retails upholstered furniture in the United Kingdom and the Republic of Ireland. The company retails sofas under the DFS and Sofology brand names. It also engages in the manufacture of upholstered furniture and the supply of contract logistics.