Svenska Cellulosa Aktiebolaget SCA (publ) (OTCMKTS:SCABY) Share Price Crosses Above Fifty Day Moving Average – Here’s What Happened

Svenska Cellulosa Aktiebolaget SCA (publ) (OTCMKTS:SCABY)’s share price passed above its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of C$12.49 and traded as high as C$12.69. Svenska Cellulosa Aktiebolaget SCA (publ) shares last traded at C$12.69, with a volume of 255 shares traded.

Analyst Ratings Changes

Several analysts have commented on the company. Jefferies Financial Group lowered Svenska Cellulosa Aktiebolaget SCA (publ) to a “hold” rating in a report on Monday, October 26th. Pareto Securities downgraded Svenska Cellulosa Aktiebolaget SCA (publ) to a “hold” rating in a research note on Sunday, October 25th. Four analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Svenska Cellulosa Aktiebolaget SCA (publ) Stock Performance

The business’s 50-day moving average is C$12.49 and its two-hundred day moving average is C$11.97.

Svenska Cellulosa Aktiebolaget SCA (publ) Company Profile

Svenska Cellulosa Aktiebolaget SCA is a Swedish forest-products company based in Sundsvall. Established in 1929 through the consolidation of several forest companies, it focuses on managing forests and producing renewable products from wood and other forest resources.

SCA’s operations include forestry, wood products, pulp, containerboard and renewable energy. Its products include sawn timber, pulp and kraftliner, a paper used to make corrugated packaging. The company also provides forest-management and logistics services.

SCA owns and manages extensive forest holdings in northern Sweden, which supply much of the raw material for its operations.