Swedish Match AB (publ) (OTCMKTS:SWMAY) Shares Pass Above 50-Day Moving Average – Here’s What Happened

Swedish Match AB (publ) (OTCMKTS:SWMAY)’s stock price crossed above its 50 day moving average during trading on Thursday . 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 traded.

Swedish Match AB (publ) Stock Performance

The business’s 50-day simple moving average is $10.57 and its 200-day simple moving average is $10.57. The company has a market capitalization of $16.12 billion, a price-to-earnings ratio of 24.02 and a beta of 0.41.

About Swedish Match AB (publ)

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.