Swedencare AB (publ) (OTCMKTS:SWDCF) Shares Down 39.3% – Time to Sell?

Swedencare AB (publ) (OTCMKTS:SWDCF)’s share price fell 39.3% during trading on Monday. The company traded as low as C$1.85 and last traded at C$1.90. 28,000 shares changed hands during mid-day trading, an increase of 605% from the average daily volume of 3,969 shares. The stock had previously closed at C$3.13.

Swedencare AB (publ) Stock Performance

The firm’s 50 day simple moving average is C$2.27 and its two-hundred day simple moving average is C$2.71.

Swedencare AB (publ) Company Profile

Swedencare AB (publ) is a Swedish animal health company that develops, markets and distributes health and wellness products for pets, with a focus on dogs and cats. Its offerings include oral-care products, nutritional supplements and products for areas such as skin and coat health, mobility and digestive wellness.

The company is best known for its ProDen PlaqueOff line, which uses a seaweed ingredient in products designed to support pets’ oral health. Swedencare also sells products through a portfolio of brands and reaches customers through veterinary practices, pet retailers, pharmacies and online channels.

Founded in Sweden in 2000, Swedencare serves markets internationally, particularly in Europe and North America, and has expanded its business through acquisitions.