Swedish Match AB (publ) (OTCMKTS:SWMAY) Stock Passes Above 50 Day Moving Average – Here’s Why

Swedish Match AB (publ) (OTCMKTS:SWMAY)’s share price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $10.57 and traded as high as $10.57. Swedish Match AB (publ) shares last traded at $10.57, with a volume of 200 shares changing hands.

Swedish Match AB (publ) Stock Up 0.1%

The business has a fifty day simple moving average of $10.57 and a two-hundred day simple moving average of $10.57. The company has a market cap of $16.12 billion, a P/E ratio of 24.02 and a beta of 0.41.

Swedish Match AB (publ) Company Profile

Swedish Match AB (publ) is a Stockholm‐based manufacturer and distributor of tobacco and nicotine products, as well as smoking‐related accessories. The company is publicly traded on Nasdaq Stockholm and its American depositary receipts are quoted on the OTCMKTS under the symbol SWMAY. With a heritage dating back to a 1915 merger of several Swedish tobacco and match manufacturers, Swedish Match has built a global footprint in smokeless tobacco, cigars, matches and lighters.

The company’s core business activities are organized around four main product categories: snus and nicotine pouches, chewing tobacco, cigars and smoking tobacco, and matches and lighters.