SMITH(DS) (DITHF) Lowered to “Hold” at Zacks Investment Research

SMITH(DS) (OTCMKTS:DITHF) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Monday.

According to Zacks, “DS Smith Plc is a manufacturer of corrugated products primarily in Europe. The company’s division consists of paper, plastics, packaging and recycling. DS Smith Plc is headquartered in London, the United Kingdom. “

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SMIT (OTCMKTS DITHF) traded up $0.38 during trading hours on Monday, hitting $7.01. The company’s stock had a trading volume of 2,000 shares, compared to its average volume of 1,860. SMIT has a 52-week low of $6.63 and a 52-week high of $7.20.

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SMITH(DS) Company Profile

DS Smith Plc designs and manufactures corrugated packaging and plastic packaging for consumer goods worldwide. The company offers transit and transport, consumer, retail and shelf ready, online and e-retail, industrial, hazardous, multi-material, inserts and cushioning, and electrostatic discharge packaging products, as well as wrap arounds, trays, and bag-in-boxes; displays and promotional packaging products; corrugated pallets; Sheetfeeding products; packaging machine systems; and Sizzlepak, a stuffing material made of paper, folded in a zigzag shape, and cut into narrow strips, as well as provides packaging consultancy services.

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