Smurfit Kappa Group (OTCMKTS:SMFKY) Stock Price Crosses Above 50 Day Moving Average – Here’s What Happened

Smurfit Kappa Group Plc (OTCMKTS:SMFKYGet Free Report) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $45.96 and traded as high as $46.04. Smurfit Kappa Group shares last traded at $45.96, with a volume of 13,200 shares.

Smurfit Kappa Group Stock Performance

The company has a 50 day simple moving average of $45.96 and a 200-day simple moving average of $45.96. The company has a quick ratio of 1.13, a current ratio of 1.51 and a debt-to-equity ratio of 0.64.

About Smurfit Kappa Group

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Smurfit Kappa Group is one of the world’s leading providers of paper‐based packaging solutions. The company specializes in the design, manufacture and recycling of corrugated containers, containerboard, bag‐in‐box packaging and related value‐added products. Its integrated operations encompass the full packaging value chain, from raw material sourcing to finished goods, with an emphasis on sustainable and recyclable solutions for a broad range of end markets.

The group’s roots date back to 1934 with the founding of Jefferson Smurfit & Sons in Ireland.

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