Svenska Cellulosa Aktiebolaget SCA (publ) (OTCMKTS:SVCBF) Shares Down 3.3% – Should You Sell?

Svenska Cellulosa Aktiebolaget SCA (publ) (OTCMKTS:SVCBF) shares dropped 3.3% during trading on Monday . The stock traded as low as $12.1850 and last traded at $12.35. Approximately 5,000 shares traded hands during trading, an increase of 407% from the average daily volume of 986 shares. The stock had previously closed at $12.77.

Analyst Upgrades and Downgrades

Separately, Citigroup reiterated a “neutral” rating on shares of Svenska Cellulosa Aktiebolaget SCA (publ) in a research note on Friday, January 23rd. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Svenska Cellulosa Aktiebolaget SCA (publ) presently has an average rating of “Moderate Buy”.

Svenska Cellulosa Aktiebolaget SCA (publ) Stock Performance

The company’s 50-day moving average is $13.04 and its two-hundred day moving average is $13.14.

Svenska Cellulosa Aktiebolaget SCA (publ) Company Profile

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.