Swedish Match AB (publ) (OTCMKTS:SWMAY) Share Price Breaks Below 50-Day Moving Average – What’s Next?

Swedish Match AB (publ) (OTCMKTS:SWMAY) passed below its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $10.57 and traded as low as $10.57. Swedish Match AB (publ) shares last traded at $10.57, with a volume of 200 shares trading hands.

Swedish Match AB (publ) Stock Up 0.1%

The stock has a market capitalization of $16.12 billion, a PE ratio of 24.02 and a beta of 0.41. The stock has a fifty day moving average of $10.57 and a 200-day moving average of $10.57.

About Swedish Match AB (publ)

Swedish Match AB (publ) is a Sweden-based tobacco and nicotine-products company focused on smoke-free alternatives. Its portfolio includes nicotine pouches, traditional Swedish snus, moist snuff, chewing tobacco and cigars, with products marketed under brands such as ZYN, General, Göteborgs Rapé, Ettan, One and XR.

The company has roots in Sweden’s tobacco industry and adopted the Swedish Match name in the early 1990s. It has built an international business serving consumers in Scandinavia, other European markets and the United States, with a particularly strong position in nicotine pouches and snus.

Philip Morris International completed its acquisition of Swedish Match in 2022, after which Swedish Match became part of PMI’s smoke-free products business and its shares ceased trading on public markets.