UPM-Kymmene (OTCMKTS:UPMKY) Stock Crosses Below 50 Day Moving Average of $26.27

UPM-Kymmene Co. (OTCMKTS:UPMKY) passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $26.27 and traded as low as $26.23. UPM-Kymmene shares last traded at $26.23, with a volume of 4,786 shares traded.

Several equities analysts have issued reports on UPMKY shares. ValuEngine upgraded UPM-Kymmene from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Zacks Investment Research upgraded UPM-Kymmene from a “sell” rating to a “hold” rating in a research report on Friday, June 14th.

The business has a 50-day moving average of $26.27. The firm has a market cap of $14.00 billion, a P/E ratio of 9.99 and a beta of 1.23.

UPM-Kymmene (OTCMKTS:UPMKY) last released its earnings results on Tuesday, July 23rd. The basic materials company reported $0.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.03. UPM-Kymmene had a return on equity of 13.43% and a net margin of 13.76%. The company had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $3.02 billion. Research analysts anticipate that UPM-Kymmene Co. will post 2.3 earnings per share for the current year.

UPM-Kymmene Company Profile (OTCMKTS:UPMKY)

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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