Smurfit Kappa Group (LON:SKG) Shares Cross Below 200-Day Moving Average – Should You Sell?

Smurfit Kappa Group Plc (LON:SKGGet Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 3,651.40 ($47.35) and traded as low as GBX 3,558 ($46.14). Smurfit Kappa Group shares last traded at GBX 3,656 ($47.41), with a volume of 24,165,363 shares.

Smurfit Kappa Group Price Performance

The business has a fifty day moving average of GBX 3,656 and a 200-day moving average of GBX 3,651.40. The company has a debt-to-equity ratio of 67.19, a quick ratio of 1.04 and a current ratio of 1.51. The firm has a market capitalization of £9.55 billion, a P/E ratio of 1,474.19 and a beta of 0.94.

About Smurfit Kappa Group

(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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