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

Smurfit Kappa Group Plc (LON:SKGGet Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 3,648.71 ($47.65) and traded as high as GBX 3,675.97 ($48.00). Smurfit Kappa Group shares last traded at GBX 3,656 ($47.74), with a volume of 24,165,363 shares trading hands.

Smurfit Kappa Group Stock Performance

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 has a debt-to-equity ratio of 67.19, a current ratio of 1.51 and a quick ratio of 1.04. The company has a fifty day moving average of GBX 3,656 and a 200 day moving average of GBX 3,648.71.

Smurfit Kappa Group Company Profile

(Get Free Report)

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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