Smurfit Kappa Group (LON:SKG) Stock Crosses Above 200-Day Moving Average – Here’s Why

Smurfit Kappa Group Plc (LON:SKG)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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.

Smurfit Kappa Group Stock Up 3.5 %

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

Smurfit Kappa Group Company Profile

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.