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

Shares of Stora Enso Oyj (OTCMKTS:SEOAY) saw an uptick in trading volume on Wednesday . 49,374 shares traded hands 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.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on SEOAY. The Goldman Sachs Group raised Stora Enso Oyj to a “strong sell” rating in a research report on Tuesday, March 24th. Citigroup reaffirmed a “buy” rating on shares of Stora Enso Oyj in a research report on Monday, January 26th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Stora Enso Oyj currently has a consensus rating of “Hold” and a consensus price target of $10.80.

Stora Enso Oyj Stock Up 0.4%

The company has a 50-day moving average of $11.83 and a 200-day moving average of $12.12. The company has a market capitalization of $8.86 billion, a price-to-earnings ratio of 12.35 and a beta of 0.63. The company has a current ratio of 1.21, a quick ratio of 0.66 and a debt-to-equity ratio of 0.33.

Stora Enso Oyj (OTCMKTS:SEOAY) last announced its earnings results on Thursday, May 7th. The basic materials company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.05). Stora Enso Oyj had a net margin of 6.63% and a return on equity of 2.59%. The business had revenue of $2.78 billion for the quarter, compared to analyst estimates of $2.69 billion. On average, equities analysts predict that Stora Enso Oyj will post 0.64 earnings per share for the current fiscal 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.