Swedish Match AB (publ) (OTCMKTS:SWMAY) Hits New 52-Week High at $9.51

Swedish Match AB (publ) (OTCMKTS:SWMAY)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $9.51 and last traded at $9.43, with a volume of 62044 shares. The stock had previously closed at $9.39.

Several brokerages have commented on SWMAY. Credit Suisse Group reissued an “outperform” rating on shares of Swedish Match AB (publ) in a research report on Tuesday, May 4th. AlphaValue cut shares of Swedish Match AB (publ) to a “buy” rating in a research report on Wednesday, May 19th. UBS Group reissued a “buy” rating on shares of Swedish Match AB (publ) in a research report on Tuesday, February 23rd. Morgan Stanley reissued an “overweight” rating on shares of Swedish Match AB (publ) in a research report on Thursday, May 6th. Finally, Barclays reissued an “overweight” rating on shares of Swedish Match AB (publ) in a research report on Wednesday, May 12th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Swedish Match AB (publ) currently has an average rating of “Buy” and an average price target of $10.00.

The firm’s fifty day moving average price is $27.56. The stock has a market capitalization of $14.88 billion and a P/E ratio of 24.40.

The company also recently announced a dividend, which was paid on Wednesday, May 5th. Stockholders of record on Thursday, April 15th were issued a $0.9036 dividend. The ex-dividend date of this dividend was Wednesday, April 14th. This represents a dividend yield of 2.33%. Swedish Match AB (publ)’s payout ratio is 40.00%.

Swedish Match AB (publ) Company Profile (OTCMKTS:SWMAY)

Swedish Match AB (publ) develops, manufactures, markets, and sells snus and moist snuff, lights, and other tobacco products in Scandinavia, the United States, and internationally. The company operates through Smokefree, Cigars, and Lights segments. It provides snus and pouch products, nicotine pouches, and moist snuff under the General, Göteborgs Rapé, Kaliber, Kronan, Ettan, Grov, Catch, G.3, The Lab, Nick & Johnny, ZYN, G.4, Onico, Longhorn, and Timber Wolf brand names.

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