SMURFIT KAPPA G/ADR (OTCMKTS:SMFKY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Wednesday, Zacks.com reports.

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. “

Shares of SMFKY stock traded up $0.21 during trading hours on Wednesday, reaching $32.61. 2,861 shares of the company’s stock were exchanged, compared to its average volume of 11,381. SMURFIT KAPPA G/ADR has a 1 year low of $24.10 and a 1 year high of $42.08. The stock has a market cap of $7.75 billion, a PE ratio of 9.79, a PEG ratio of 2.37 and a beta of 0.75. The company has a current ratio of 1.39, a quick ratio of 0.99 and a debt-to-equity ratio of 1.17. The stock’s fifty day moving average price is $30.65 and its two-hundred day moving average price is $29.96.

SMURFIT KAPPA G/ADR Company Profile

Smurfit Kappa Group plc, together with its subsidiaries, manufactures, distributes, and sells paper-based packaging products. It operates through two segments, Europe and the Americas. The company offers consumer, retail, industrial, e-commerce, heavy-duty corrugated, and hexacomb packaging products, as well as composite cardboard tubes, and bags and sacks; and bag-in-box, a single-use packaging system that comprises films, accessories, bags, taps, and boxes.

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