UPM-Kymmene (OTCMKTS:UPMKY) Stock Price Crosses Below 200 Day Moving Average – Here’s Why

UPM-Kymmene Co. (OTCMKTS:UPMKY) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $26.45 and traded as low as $26.29. UPM-Kymmene shares last traded at $26.4501, with a volume of 6,600 shares changing hands.

UPM-Kymmene Stock Up 3.3%

The business’s 50-day moving average price is $26.45 and its 200 day moving average price is $26.45. The company has a market capitalization of $14.12 billion, a P/E ratio of 9.98 and a beta of 1.23.

UPM-Kymmene Company Profile

UPM-Kymmene Corporation is a Finnish forest industry company headquartered in Helsinki, Finland, that specializes in the production of renewable and sustainable wood-based products. The company’s core activities encompass the manufacture of pulp, paper, plywood and sawn timber, with a strong emphasis on innovation in specialty papers and label materials.

In addition to traditional forest products, UPM-Kymmene has developed a range of advanced biorefinery solutions. These include renewable biofuels, industrial wood-based chemicals and specialty biomaterials designed to replace fossil-based alternatives.