Smurfit Kappa Group (OTCMKTS:SMFKY) Shares Pass Below 50 Day Moving Average – Should You Sell?

Shares of Smurfit Kappa Group Plc (OTCMKTS:SMFKYGet Free Report) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $45.96 and traded as low as $45.95. Smurfit Kappa Group shares last traded at $45.96, with a volume of 13,200 shares trading hands.

Smurfit Kappa Group Trading Down 0.0%

The firm’s 50 day moving average is $45.96 and its two-hundred day moving average is $45.96. The company has a quick ratio of 1.13, a current ratio of 1.51 and a debt-to-equity ratio of 0.64.

Smurfit Kappa Group Company Profile

(Get Free Report)

Smurfit Kappa Group is one of the world’s leading providers of paper‐based packaging solutions. The company specializes in the design, manufacture and recycling of corrugated containers, containerboard, bag‐in‐box packaging and related value‐added products. Its integrated operations encompass the full packaging value chain, from raw material sourcing to finished goods, with an emphasis on sustainable and recyclable solutions for a broad range of end markets.

The group’s roots date back to 1934 with the founding of Jefferson Smurfit & Sons in Ireland.

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