Svenska Cellulosa Aktiebolaget SCA (publ) (OTCMKTS:SCABY) Trading Down 9.6% – Here’s Why

Svenska Cellulosa Aktiebolaget SCA (publ) (OTCMKTS:SCABY – Get Free Report)’s share price traded down 9.6% on Monday . The stock traded as low as C$10.71 and last traded at C$11.03. 5,511 shares changed hands during trading, an increase of 71% from the average session volume of 3,232 shares. The stock had previously closed at C$12.20.

Wall Street Analyst Weigh In

Separately, BNP Paribas Exane started coverage on shares of Svenska Cellulosa Aktiebolaget SCA (publ) in a research note on Wednesday. They issued a “neutral” rating for the company. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Svenska Cellulosa Aktiebolaget SCA (publ) presently has a consensus rating of “Hold”.

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Svenska Cellulosa Aktiebolaget SCA (publ) Stock Down 2.2%

The company’s fifty day simple moving average is C$11.85 and its 200-day simple moving average is C$12.29.

Svenska Cellulosa Aktiebolaget SCA (publ) Company Profile

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Svenska Cellulosa Aktiebolaget SCA (publ) is a Sweden‐based forestry and paper products company whose American depositary shares trade over the counter under the symbol SCABY. The company’s core operations encompass sustainable forest management, pulp production and the manufacture of renewable packaging materials. SCA positions itself as a provider of high‐quality containerboard, corrugated packaging solutions and market pulp, serving a range of industries from food and beverage to e-commerce logistics.

SCA manages one of Europe’s largest private forest estates, principally located in northern Sweden, where it applies certified sustainable practices to balance wood production, biodiversity and carbon sequestration.

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