DFS Furniture (LON:DFS) Stock Passes Below 50 Day Moving Average - Here's What Happened

Key Points

• DFS Furniture's share price fell below its fifty day moving average of GBX 165.43, trading as low as GBX 154.
• Berenberg Bank has restated a "buy" rating for DFS shares with a target price of GBX 233.
• The company reported a market cap of £357.60 million and a debt-to-equity ratio of 258.38.

DFS Furniture plc (LON:DFS - Get Free Report)'s share price passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 165.43 ($2.24) and traded as low as GBX 154 ($2.09). DFS Furniture shares last traded at GBX 155 ($2.10), with a volume of 53,971 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank restated a "buy" rating and set a GBX 233 ($3.16) price objective on shares of DFS Furniture in a research report on Tuesday, July 1st.

DFS Furniture Price Performance

The company has a debt-to-equity ratio of 258.38, a current ratio of 0.35 and a quick ratio of 0.10. The firm has a market capitalization of £361.80 million, a P/E ratio of -84.07, a P/E/G ratio of 0.56 and a beta of 1.58. The company's 50-day simple moving average is GBX 164.98 and its two-hundred day simple moving average is GBX 150.19.

About DFS Furniture

DFS Group is the leading sofa retail specialist in the UK and since 1969 we've been passionate about making and selling high quality, great looking sofas.