Smurfit Kappa Group (LON:SKG) Stock Price Passes Below Two Hundred Day Moving Average – Here’s Why

Smurfit Kappa Group Plc (LON:SKG) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 3,655.75 ($46.34) and traded as low as GBX 3,558 ($45.10). Smurfit Kappa Group shares last traded at GBX 3,656 ($46.34), with a volume of 24,165,363 shares trading hands.

Smurfit Kappa Group Stock Up 3.5 %

The stock has a market cap of £9.55 billion, a P/E ratio of 1,474.19 and a beta of 0.94. The company’s fifty day moving average price is GBX 3,656 and its 200-day moving average price is GBX 3,655.75. The company has a debt-to-equity ratio of 67.19, a quick ratio of 1.04 and a current ratio of 1.51.

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.