UPM-Kymmene (OTCMKTS:UPMKY) Stock Price Passes Below 200-Day Moving Average – Here’s Why

UPM-Kymmene Co. (OTCMKTS:UPMKYGet Free Report) shares passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $26.45 and traded as low as $26.29. UPM-Kymmene shares last traded at $26.4501, with a volume of 6,600 shares traded.

UPM-Kymmene Trading Up 3.3%

The stock has a 50 day simple moving average of $26.45 and a 200 day simple moving average of $26.45. The firm has a market capitalization of $14.12 billion, a PE ratio of 9.98 and a beta of 1.23.

About UPM-Kymmene

(Get Free Report)

UPM-Kymmene Oyj is a Finland-based bioeconomy company that develops and manufactures renewable, recyclable, and responsibly sourced products made primarily from wood and other biomass. Its portfolio serves customers in the packaging, labeling, publishing, construction, energy, and advanced materials industries.

The company’s operations include pulp and timber, renewable electricity generation, specialty papers, communication papers, plywood, and label materials. UPM also develops biochemicals and other wood-based products intended to replace fossil-based raw materials in selected applications.

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