Mayr-Melnhof Karton (OTCMKTS:MNHFF) Shares Down 26% – Here’s Why

Mayr-Melnhof Karton AG (OTCMKTS:MNHFFGet Free Report) shares fell 26% during mid-day trading on Wednesday . The company traded as low as $80.00 and last traded at $80.00. 100 shares changed hands during trading, an increase of 0% from the average session volume of 100 shares. The stock had previously closed at $108.11.

Mayr-Melnhof Karton Stock Performance

The firm has a fifty day simple moving average of $106.99 and a 200 day simple moving average of $118.32.

Mayr-Melnhof Karton Company Profile

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Mayr-Melnhof Karton AG manufactures and sells cartonboard and folding cartons in Germany, Austria, and internationally. It operates through two segments, MM Board & Paper and MM Packaging. The MM Board & Paper segment manufactures and markets various grades of cartonboard products, such as coated cartonboard produced from recycling fibers; and virgin fiber based cartonboard, as well as offers kraft papers and uncoated fine papers.

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