DFS Furniture (LON:DFS) Stock Price Passes Below 50-Day Moving Average - Should You Sell?

Key Points

• DFS Furniture plc has seen its stock price fall below the 50-day moving average of GBX 166.29, indicating a potential selling signal for investors.
• Analysts from Berenberg Bank have reiterated a "buy" rating for DFS shares, setting a price target of GBX 233 ($3.10).
• The company's financial ratios suggest a high debt-to-equity ratio of 258.38, with a current ratio of 0.35, which may raise concerns for potential investors.

DFS Furniture plc (LON:DFS - Get Free Report) shares crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 166.29 ($2.24) and traded as low as GBX 158 ($2.13). DFS Furniture shares last traded at GBX 160 ($2.15), with a volume of 41,003 shares traded.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reaffirmed a "buy" rating and set a GBX 233 ($3.13) price objective on shares of DFS Furniture in a research note on Tuesday, July 1st.

DFS Furniture Price Performance

The company has a debt-to-equity ratio of 258.38, a quick ratio of 0.10 and a current ratio of 0.35. The company has a market cap of £357.19 million, a PE ratio of -83.00, a PEG ratio of 0.56 and a beta of 1.58. The company's 50-day simple moving average is GBX 165.76 and its 200 day simple moving average is GBX 149.52.

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.