Svenska Cellulosa Aktiebolaget SCA (publ) (OTCMKTS:SVCBF) Trading Down 1.6% – Should You Sell?

Svenska Cellulosa Aktiebolaget SCA (publ) (OTCMKTS:SVCBF)’s share price was down 1.6% during trading on Friday . The stock traded as low as $11.07 and last traded at $11.07. Approximately 11,925 shares changed hands during mid-day trading, an increase of 437% from the average daily volume of 2,221 shares. The stock had previously closed at $11.25.

Analyst Ratings Changes

Separately, Citigroup reissued a “neutral” rating on shares of Svenska Cellulosa Aktiebolaget SCA (publ) in a report on Friday, January 23rd. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Svenska Cellulosa Aktiebolaget SCA (publ) currently has an average rating of “Moderate Buy”.

Svenska Cellulosa Aktiebolaget SCA (publ) Trading Down 1.6%

The company’s fifty day simple moving average is $12.06 and its 200 day simple moving average is $12.79.

Svenska Cellulosa Aktiebolaget SCA (publ) Company Profile

Svenska Cellulosa Aktiebolaget SCA (publ) is a Sweden‐based forest industry company and one of Europe’s largest private forest owners. Headquartered in Stockholm, SCA manages approximately 2.6 million hectares of forestland and operates an integrated value chain spanning timber harvesting, pulp production and bioenergy generation. The company’s operations are underpinned by a long‐term commitment to sustainable forest management and certification standards.

The company’s core business activities include the production of softwood pulp for use in packaging, tissue and specialty paper products, as well as sawn timber and engineered wood products for the construction sector.