Svenska Cellulosa Aktiebolaget SCA (publ) (OTCMKTS:SVCBY) Shares Cross Above 50-Day Moving Average – Here’s Why

Svenska Cellulosa Aktiebolaget SCA (publ) (OTCMKTS:SVCBY) passed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $18.20 and traded as high as $18.20. Svenska Cellulosa Aktiebolaget SCA (publ) shares last traded at $18.20, with a volume of 800 shares changing hands.

Svenska Cellulosa Aktiebolaget SCA (publ) Trading Up 1.9%

The stock has a market capitalization of $11.61 billion, a price-to-earnings ratio of 8.27 and a beta of 0.67. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.06 and a quick ratio of 0.45. The business’s 50-day simple moving average is $18.20 and its two-hundred day simple moving average is $18.20.

Svenska Cellulosa Aktiebolaget SCA (publ) Company Profile

Svenska Cellulosa Aktiebolaget SCA (publ) is a Swedish forest products company headquartered in Sundsvall, Sweden. The company manages forest assets and develops products based on renewable wood and forest resources.

SCA’s operations include forest management, wood products, pulp, containerboard and renewable energy. Its wood products business supplies sawn timber and related products for construction and industrial applications, while its pulp and packaging materials serve manufacturers and converters.