Svenska Cellulosa Aktiebolaget SCA (publ) (OTCMKTS:SCABY) Trading Down 16.9% – What’s Next?

Shares of Svenska Cellulosa Aktiebolaget SCA (publ) (OTCMKTS:SCABY) fell 16.9% during mid-day trading on Thursday . The company traded as low as C$10.72 and last traded at C$10.72. 1,365 shares were traded during trading, an increase of 15% from the average session volume of 1,188 shares. The stock had previously closed at C$12.90.

Analyst Upgrades and Downgrades

Separately, Citigroup reaffirmed a “neutral” rating on shares of Svenska Cellulosa Aktiebolaget SCA (publ) in a report on Wednesday, February 4th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Svenska Cellulosa Aktiebolaget SCA (publ) Price Performance

The company has a fifty day moving average price of C$12.69 and a 200-day moving average price of C$12.92.

About Svenska Cellulosa Aktiebolaget SCA (publ)

Svenska Cellulosa Aktiebolaget SCA (publ) is a Sweden‐based forestry and paper products company whose American depositary shares trade over the counter under the symbol SCABY. The company’s core operations encompass sustainable forest management, pulp production and the manufacture of renewable packaging materials. SCA positions itself as a provider of high‐quality containerboard, corrugated packaging solutions and market pulp, serving a range of industries from food and beverage to e-commerce logistics.

SCA manages one of Europe’s largest private forest estates, principally located in northern Sweden, where it applies certified sustainable practices to balance wood production, biodiversity and carbon sequestration.