Swedish Match AB (publ) (OTCMKTS:SWMAY) Stock Price Breaks Below Fifty Day Moving Average – Here’s What Happened

Shares of Swedish Match AB (publ) (OTCMKTS:SWMAY) crossed below its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $10.57 and traded as low as $10.57. Swedish Match AB (publ) shares last traded at $10.57, with a volume of 200 shares changing hands.

Swedish Match AB (publ) Stock Performance

The firm’s 50 day moving average is $10.57 and its 200-day moving average is $10.57. The stock has a market capitalization of $16.12 billion, a price-to-earnings ratio of 24.02 and a beta of 0.41.

Swedish Match AB (publ) Company Profile

Swedish Match AB (publ) was a Sweden-based tobacco and nicotine products company focused on smoke-free alternatives. Its portfolio included traditional Swedish snus, nicotine pouches, moist snuff and other oral nicotine products, as well as cigars and matches in selected markets. Well-known brands associated with the company included ZYN, General, Göteborgs Rapé and One.

The company served consumers primarily in Scandinavia, the United States and other international markets. Swedish Match developed a strong position in the nicotine pouch category through the expansion of ZYN, while its established snus business remained centered in Sweden and Norway.