Svenska Cellulosa Aktiebolaget SCA (publ) (OTCMKTS:SVCBF) Stock Price Down 3.3% – What’s Next?

Shares of Svenska Cellulosa Aktiebolaget SCA (publ) (OTCMKTS:SVCBF) traded down 3.3% during trading on Monday . The stock traded as low as $12.1850 and last traded at $12.35. 5,000 shares traded hands during trading, an increase of 407% from the average session volume of 986 shares. The stock had previously closed at $12.77.

Wall Street Analyst Weigh In

Separately, Citigroup restated a “neutral” rating on shares of Svenska Cellulosa Aktiebolaget SCA (publ) in a research report on Friday, January 23rd. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Svenska Cellulosa Aktiebolaget SCA (publ) Price Performance

The company’s 50 day moving average is $13.04 and its 200 day moving average is $13.14.

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.