Svenska Cellulosa Aktiebolaget SCA (publ) (OTCMKTS:SVCBF) Shares Down 3.3% – Here’s What Happened

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

Analyst Ratings Changes

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

Svenska Cellulosa Aktiebolaget SCA (publ) Stock Performance

The firm has a 50-day moving average of $13.02 and a two-hundred day moving average of $13.13.

About Svenska Cellulosa Aktiebolaget SCA (publ)

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.