Stora Enso Oyj (OTCMKTS:SEOAY) Sees Large Volume Increase – Still a Buy?

Stora Enso Oyj (OTCMKTS:SEOAY – Get Free Report) shares saw unusually-high trading volume on Wednesday . Approximately 49,374 shares were traded during trading, an increase of 40% from the previous session’s volume of 35,142 shares.The stock last traded at $11.25 and had previously closed at $11.20.

Analyst Upgrades and Downgrades

SEOAY has been the subject of a number of research reports. Citigroup reaffirmed a “buy” rating on shares of Stora Enso Oyj in a research report on Monday, January 26th. The Goldman Sachs Group upgraded shares of Stora Enso Oyj to a “strong sell” rating in a research note on Tuesday, March 24th. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Stora Enso Oyj has an average rating of “Hold” and an average target price of $10.80.

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Stora Enso Oyj Stock Performance

The business’s 50-day simple moving average is $11.83 and its two-hundred day simple moving average is $12.12. The firm has a market cap of $8.86 billion, a price-to-earnings ratio of 12.35 and a beta of 0.63. The company has a quick ratio of 0.66, a current ratio of 1.21 and a debt-to-equity ratio of 0.33.

Stora Enso Oyj (OTCMKTS:SEOAY – Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The basic materials company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.05). The firm had revenue of $2.78 billion during the quarter, compared to analyst estimates of $2.69 billion. Stora Enso Oyj had a return on equity of 2.59% and a net margin of 6.63%. As a group, sell-side analysts expect that Stora Enso Oyj will post 0.64 earnings per share for the current fiscal year.

About Stora Enso Oyj

(Get Free Report)

Stora Enso Oyj is a Finland‐based provider of renewable solutions in packaging, biomaterials, wooden construction and paper. The company draws on centuries of forest industry experience and leverages sustainable practices to produce a wide array of products, including paperboard for consumer goods, specialty papers for printing and publishing, and pulp for industrial applications. Its portfolio also encompasses wood products such as cross-laminated timber, sawn timber and building components, designed to meet growing demand for environmentally friendly construction materials.

Formed through the 1998 merger of Swedish mining and forestry giant Stora and Finnish paper maker Enso, Stora Enso combines deep heritage with ongoing investments in innovation.

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