DFS Furniture (LON:DFS) Shares Pass Below 50-Day Moving Average Following Analyst Downgrade

DFS Furniture plc (LON:DFS)’s share price crossed below its 50 day moving average during trading on Wednesday after Berenberg Bank lowered their price target on the stock from GBX 180 to GBX 120. The stock has a 50 day moving average of GBX 115.98 ($1.47) and traded as low as GBX 111.56 ($1.41). Berenberg Bank currently has a hold rating on the stock. DFS Furniture shares last traded at GBX 112.80 ($1.43), with a volume of 72,378 shares traded.

Separately, Shore Capital restated a “not rated” rating on shares of DFS Furniture in a research note on Wednesday, March 20th.

DFS Furniture Stock Performance

The company has a debt-to-equity ratio of 239.47, a current ratio of 0.23 and a quick ratio of 0.10. The stock has a 50 day simple moving average of GBX 115.97 and a two-hundred day simple moving average of GBX 111.98. The company has a market cap of £258.96 million, a PE ratio of 1,382.50, a PEG ratio of 0.56 and a beta of 1.60.

DFS Furniture Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, May 30th. Shareholders of record on Thursday, April 18th will be paid a GBX 1.10 ($0.01) dividend. This represents a yield of 0.98%. The ex-dividend date is Thursday, April 18th. DFS Furniture’s dividend 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.