UPM-Kymmene (OTCMKTS:UPMKY) Stock Price Crosses Below Fifty Day Moving Average of $26.23

UPM-Kymmene Co. (OTCMKTS:UPMKY)’s share price passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $26.23 and traded as low as $26.13. UPM-Kymmene shares last traded at $26.15, with a volume of 13,235 shares changing hands.

Several equities analysts recently commented on the company. Zacks Investment Research upgraded UPM-Kymmene from a “sell” rating to a “hold” rating in a research note on Friday, June 14th. ValuEngine upgraded UPM-Kymmene from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st.

The stock has a market cap of $13.44 billion, a PE ratio of 9.83 and a beta of 1.23. The firm has a 50-day simple moving average of $26.19 and a 200-day simple moving average of $27.89.

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

About UPM-Kymmene (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.

Further Reading: Return on Equity (ROE)

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