L E Lundbergföretagen AB (publ) (OTCMKTS:LBGUF) Stock Price Down 16.8% – Should You Sell?

L E Lundbergföretagen AB (publ) (OTCMKTS:LBGUF)’s share price dropped 16.8% on Wednesday . The company traded as low as $44.21 and last traded at $44.21. Approximately 1,128 shares traded hands during mid-day trading, an increase of 33% from the average daily volume of 850 shares. The stock had previously closed at $53.11.

L E Lundbergföretagen AB (publ) Price Performance

The company’s 50 day simple moving average is $52.93 and its 200-day simple moving average is $51.68.

About L E Lundbergföretagen AB (publ)

L E Lundbergföretagen AB (publ) manufactures and sells paperboard, paper, and sawn wood products in Sweden and internationally. It operates through Lundberg's Real Estate Operations, Lundberg's Asset Management, Holmen, and Hufvudstaden segments. The company is involved in the forest and power operations; and equity management, including securities trading.