Mativ Holdings Inc. (NYSE:MATV) traded today at a new 52-week high of $26.16. This new high was reached on below average trading volume as 102,000 shares traded hands, while the average 30-day volume is approximately 481,000 shares.
Potential upside of 9.1% exists for Mativ Holdings Inc., based on a current level of $25.92 and analysts’ average consensus price target of $28.28.
Over the past year, Mativ Holdings Inc. has traded in a range of $19.08 to $26.16 and is now at $25.92, 36% above that low.
Mativ Holdings Inc formerly Schweitzer-Mauduit International Inc is a diversified producer of premium specialty papers and resin-based products. It manufactures and sells paper and reconstituted tobacco products to the tobacco industry as well as specialized paper products. The company operates in two segments namely Advanced Materials and Structures, which manufactures resin-based products used in specialty applications in the filtration, infrastructure and construction, transportation, industrial, and medical end-markets, and Engineered Papers, which produces cigarette papers and reconstituted tobacco products for cigarette and cigar manufacturers, as well as various other non-tobacco paper products.
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