Smurfit Kappa Group (LON:SKG) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

Smurfit Kappa Group Plc (LON:SKGGet Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 3,666.22 ($46.09) and traded as high as GBX 3,675.97 ($46.22). Smurfit Kappa Group shares last traded at GBX 3,656 ($45.96), with a volume of 24,165,363 shares changing hands.

Smurfit Kappa Group Stock Up 3.5 %

The company has a debt-to-equity ratio of 67.19, a current ratio of 1.51 and a quick ratio of 1.04. The firm’s 50-day moving average price is GBX 3,656 and its 200 day moving average price is GBX 3,666.22. The firm has a market capitalization of £9.55 billion, a price-to-earnings ratio of 1,474.19 and a beta of 0.94.

Smurfit Kappa Group Company Profile

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Smurfit Kappa Group Plc, together with its subsidiaries, manufactures, distributes, and sells containerboard, corrugated containers, and other paper-based packaging products in Ireland, Germany, France, Mexico, rest of Europe, and other Americas. The company offers e-commerce, retail, consumer, industrial, bottle, protective, heavy-duty, hexacomb, and various punnet packaging products; composite cardboard tubes, bags, and sacks; and bag-in-box, a packaging system that comprises films, accessories, bags, taps, and boxes.

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