Svenska Cellulosa Aktiebolaget SCA (publ) (OTCMKTS:SCABY) Stock Crosses Above Fifty Day Moving Average – What’s Next?

Svenska Cellulosa Aktiebolaget SCA (publ) (OTCMKTS:SCABY)’s stock price crossed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of C$12.49 and traded as high as C$12.69. Svenska Cellulosa Aktiebolaget SCA (publ) shares last traded at C$12.69, with a volume of 255 shares.

Analyst Ratings Changes

Several brokerages have issued reports on SCABY. Jefferies Financial Group downgraded Svenska Cellulosa Aktiebolaget SCA (publ) to a “hold” rating in a report on Monday, October 26th. Pareto Securities downgraded shares of Svenska Cellulosa Aktiebolaget SCA (publ) to a “hold” rating in a research note on Sunday, October 25th. Four investment analysts have rated the stock with a Hold rating. According to MarketBeat.com, Svenska Cellulosa Aktiebolaget SCA (publ) presently has a consensus rating of “Hold”.

Svenska Cellulosa Aktiebolaget SCA (publ) Price Performance

The stock has a 50 day moving average of C$12.50 and a 200 day moving average of C$11.97.

About Svenska Cellulosa Aktiebolaget SCA (publ)

Svenska Cellulosa Aktiebolaget SCA is a Swedish forest-products company based in Sundsvall. Established in 1929 through the consolidation of several forest companies, it focuses on managing forests and producing renewable products from wood and other forest resources.

SCA’s operations include forestry, wood products, pulp, containerboard and renewable energy. Its products include sawn timber, pulp and kraftliner, a paper used to make corrugated packaging. The company also provides forest-management and logistics services.

SCA owns and manages extensive forest holdings in northern Sweden, which supply much of the raw material for its operations.