Zacks Investment Research cut shares of SMURFIT KAPPA G/ADR (OTCMKTS:SMFKY) from a buy rating to a sell rating in a research note issued to investors on Friday.

According to Zacks, “Smurfit Kappa Group PLC operates as a paper and paperboard manufacturer and converter. It also engages in the manufacturing, distribution and selling of containerboard, corrugated containers and other paper-based packaging products, such as solid board, graphic board and bag-in-box. The company’s operating segments consists of Europe and Americas. Europe segment includes a system of mills and plants which primarily produces containerboard. Americas segment comprises forestry, paper, corrugated, paper sack and folding carton activities. Smurfit Kappa Group PLC is headquartered in Dublin, Ireland. “

Separately, ValuEngine downgraded SMURFIT KAPPA G/ADR from a hold rating to a sell rating in a research note on Tuesday.

SMFKY stock traded down $1.49 during midday trading on Friday, reaching $30.83. The company had a trading volume of 16,068 shares, compared to its average volume of 51,919. The company has a quick ratio of 1.36, a current ratio of 1.75 and a debt-to-equity ratio of 1.43. SMURFIT KAPPA G/ADR has a fifty-two week low of $29.21 and a fifty-two week high of $45.51. The company has a market cap of $7.85 billion, a P/E ratio of 15.49, a PEG ratio of 2.12 and a beta of 0.63.

About SMURFIT KAPPA G/ADR

Smurfit Kappa Group plc, together with its subsidiaries, manufactures, distributes, and sells paper-based packaging products. The company operates through Europe and the Americas segments. It offers containerboards, corrugated containers, and other paper-based packaging products, such as solid boards, graphic boards, and bag-in-box.

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