Svenska Cellulosa Aktiebolaget SCA (publ) (OTCMKTS:SVCBF) Shares Down 5.5% – Time to Sell?

Svenska Cellulosa Aktiebolaget SCA (publ) (OTCMKTS:SVCBF) fell 5.5% on Wednesday . The stock traded as low as $9.97 and last traded at $9.97. Approximately 5,004 shares changed hands during mid-day trading, an increase of 19% from the average daily volume of 4,200 shares. The stock had previously closed at $10.55.

Svenska Cellulosa Aktiebolaget SCA (publ) Stock Performance

The firm’s 50-day moving average price is $10.80 and its 200 day moving average price is $12.03.

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.