UPM-Kymmene (OTCMKTS:UPMKY) Shares Cross Below 200 Day Moving Average of $26.45

UPM-Kymmene Co. (OTCMKTS:UPMKYGet Rating) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $26.45 and traded as low as $26.29. UPM-Kymmene shares last traded at $26.45, with a volume of 6,600 shares changing hands.

Analysts Set New Price Targets

Separately, Morgan Stanley lifted their price objective on UPM-Kymmene from €37.00 ($38.14) to €39.00 ($40.21) and gave the company an “equal weight” rating in a report on Friday, April 8th.

UPM-Kymmene Price Performance

The company has a market capitalization of $14.12 billion, a price-to-earnings ratio of 9.98 and a beta of 1.23. The stock has a 50 day moving average price of $26.45 and a two-hundred day moving average price of $26.45.

UPM-Kymmene Company Profile

(Get Rating)

UPM-Kymmene Oyj operates in the forest-based bio industry. It operates through UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Communication Papers, UPM Plywood, and Other operations segments. The company provides eucalyptus, birch, and softwood pulp grades for tissue, specialty and graphic papers, boards, and packaging; sawn timber for construction, packaging, distribution, joinery, and furniture industries; and wood-based renewable diesel and renewable naphtha for fuel distributors, transportation, and oil and petrochemicals industries.

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