Stora Enso Oyj (OTCMKTS:SEOAY) Hits New 1-Year High – Here’s What Happened

Stora Enso Oyj (OTCMKTS:SEOAY) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $12.78 and last traded at $12.73, with a volume of 3347 shares. The stock had previously closed at $12.6920.

Analyst Upgrades and Downgrades

Separately, BNP Paribas raised shares of Stora Enso Oyj from a “strong sell” rating to a “hold” rating and set a $10.80 target price on the stock in a report on Monday, September 29th. Three analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $10.80.

Stora Enso Oyj Trading Up 0.3%

The firm’s 50 day moving average is $11.90 and its 200 day moving average is $11.36. The company has a market cap of $10.04 billion, a PE ratio of 1,274.27 and a beta of 0.71. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.23 and a quick ratio of 0.80.

Stora Enso Oyj (OTCMKTS:SEOAY) last posted its earnings results on Thursday, October 23rd. The basic materials company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.22. The business had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.34 billion. Stora Enso Oyj had a net margin of 0.14% and a negative return on equity of 2.55%. On average, equities analysts anticipate that Stora Enso Oyj will post 0.67 earnings per share for the current year.

About Stora Enso Oyj

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.