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

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

Wall Street Analysts Forecast Growth

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

Svenska Cellulosa Aktiebolaget SCA (publ) Trading Down 1.6%

The company has a 50-day moving average price of $12.06 and a two-hundred day moving average price of $12.79.

About Svenska Cellulosa Aktiebolaget SCA (publ)

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.