DFS Furniture (LON:DFS) Shares Pass Below 200-Day Moving Average – Here’s What Happened

Shares of DFS Furniture plc (LON:DFS) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 135.16 ($1.74) and traded as low as GBX 126 ($1.63). DFS Furniture shares last traded at GBX 133 ($1.72), with a volume of 855,566 shares traded.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 185 ($2.39) target price on shares of DFS Furniture in a research report on Monday, January 27th.

DFS Furniture Price Performance

The firm has a market capitalization of £294.97 million, a P/E ratio of -68.54, a P/E/G ratio of 0.56 and a beta of 1.58. The stock’s 50 day simple moving average is GBX 136.15 and its 200 day simple moving average is GBX 135.22. The company has a debt-to-equity ratio of 258.38, a quick ratio of 0.10 and a current ratio of 0.35.

DFS Furniture (LON:DFS) last announced its quarterly earnings data on Thursday, March 13th. The company reported GBX 5.30 ($0.07) earnings per share (EPS) for the quarter. DFS Furniture had a negative return on equity of 1.90% and a negative net margin of 0.45%. As a group, analysts expect that DFS Furniture plc will post 7.25545 earnings per share for the current fiscal year.

DFS Furniture Company Profile

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.