Svenska Cellulosa Aktiebolaget SCA (publ) (OTCMKTS:SVCBF) Trading Down 4% – Here’s Why

Svenska Cellulosa Aktiebolaget SCA (publ) (OTCMKTS:SVCBF) dropped 4% on Friday . The stock traded as low as $12.91 and last traded at $12.91. Approximately 1,296 shares traded hands during mid-day trading, an increase of 11% from the average daily volume of 1,164 shares. The stock had previously closed at $13.45.

Wall Street Analysts Forecast Growth

Separately, Citigroup reaffirmed a “neutral” rating on shares of Svenska Cellulosa Aktiebolaget SCA (publ) in a report on Thursday, November 13th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Svenska Cellulosa Aktiebolaget SCA (publ) Stock Performance

The company’s 50 day simple moving average is $13.28 and its two-hundred day simple moving average is $13.23.

Svenska Cellulosa Aktiebolaget SCA (publ) Company Profile

Svenska Cellulosa Aktiebolaget SCA (publ), a forest products company, develops, manufactures, and sells forest, wood, pulp, and containerboard products in Sweden, the United States, Germany, the United Kingdom, rest of Europe, Asia, and internationally. It operates through five segments: Forest, Wood, Pulp, Containerboard, and Renewable Energy.