L E Lundbergföretagen AB (publ) (OTCMKTS:LBGUF) Shares Up 4.6% – Here’s Why

L E Lundbergföretagen AB (publ) (OTCMKTS:LBGUF) was up 4.6% during trading on Wednesday . The company traded as high as $53.11 and last traded at $53.11. Approximately 352 shares traded hands during mid-day trading, a decline of 59% from the average daily volume of 850 shares. The stock had previously closed at $50.76.

L E Lundbergföretagen AB (publ) Price Performance

The business’s fifty day moving average price is $50.85 and its 200 day moving average price is $50.71.

L E Lundbergföretagen AB (publ) Company Profile

L E Lundbergföretagen AB (publ) manufactures and sells paperboard, paper, and sawn wood products in Sweden and internationally. It operates through Lundberg's Real Estate Operations, Lundberg's Asset Management, Holmen, and Hufvudstaden segments. The company is involved in the forest and power operations; and equity management, including securities trading.