Stora Enso Oyj (OTCMKTS:SEOAY) Trading Down 5.8% – What’s Next?

Shares of Stora Enso Oyj (OTCMKTS:SEOAY) traded down 5.8% during mid-day trading on Thursday . The company traded as low as $10.93 and last traded at $10.93. 2,176 shares were traded during mid-day trading, a decline of 94% from the average session volume of 36,056 shares. The stock had previously closed at $11.60.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. BNP Paribas Exane assumed coverage on shares of Stora Enso Oyj in a research note on Wednesday. They issued a “neutral” rating for the company. The Goldman Sachs Group raised shares of Stora Enso Oyj to a “strong sell” rating in a research note on Tuesday, March 24th. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Stora Enso Oyj has an average rating of “Hold” and a consensus target price of $10.80.

Stora Enso Oyj Stock Down 0.5%

The company has a debt-to-equity ratio of 0.32, a current ratio of 1.07 and a quick ratio of 0.57. The stock has a 50 day simple moving average of $11.57 and a 200-day simple moving average of $12.10. The firm has a market cap of $8.56 billion, a PE ratio of 11.92 and a beta of 0.63.

Stora Enso Oyj (OTCMKTS:SEOAY) last posted its quarterly 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 return on equity of 2.58% and a net margin of 6.63%.The company had revenue of $2.78 billion during the quarter, compared to analysts’ expectations of $2.69 billion. Sell-side analysts predict that Stora Enso Oyj will post 0.64 EPS 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.