UPM-Kymmene (OTCMKTS:UPMKY) Stock Price Breaks Above 50-Day Moving Average – Here’s Why

by · The Markets Daily

Shares of UPM-Kymmene Co. (OTCMKTS:UPMKY – Get Free Report) passed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $26.45 and traded as high as $26.55. UPM-Kymmene shares last traded at $26.4501, with a volume of 6,600 shares trading hands.

UPM-Kymmene Stock Up 3.3%

The stock’s 50 day moving average is $26.45 and its two-hundred day moving average is $26.45. The company has a market capitalization of $14.12 billion, a PE ratio of 9.98 and a beta of 1.23.

UPM-Kymmene Company Profile

(Get Free Report)

UPM-Kymmene Oyj is a Finnish forest industry company that develops and manufactures renewable, fiber-based products. Its portfolio includes pulp, sawn timber, plywood, specialty papers, communication papers and self-adhesive label materials. The company also produces and sells electricity and develops biofuels and other biomaterials derived from wood-based raw materials.

The company was formed in 1996 through the merger of Kymmene Corporation, Repola Ltd. and United Paper Mills Ltd. UPM serves customers in packaging, labeling, publishing, retail, construction, energy and other industrial markets.

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