Stora Enso Oyj (OTCMKTS:SEOAY) Sees Strong Trading Volume – Here’s Why

by · The Markets Daily

Stora Enso Oyj (OTCMKTS:SEOAY – Get Free Report) shares saw strong trading volume on Thursday . Approximately 67,506 shares changed hands during mid-day trading, an increase of 69% from the previous session’s volume of 39,858 shares.The stock last traded at $12.2950 and had previously closed at $11.9590.

Analyst Ratings Changes

A number of brokerages have issued reports on SEOAY. BNP Paribas Exane began coverage on shares of Stora Enso Oyj in a research report on Wednesday, June 10th. They set a “neutral” rating for the company. Citigroup reiterated a “buy” rating on shares of Stora Enso Oyj in a research report on Thursday, July 30th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $10.80.

Read Our Latest Report on SEOAY

Stora Enso Oyj Price Performance

The company has a debt-to-equity ratio of 0.27, a current ratio of 1.33 and a quick ratio of 0.80. The company has a 50-day moving average price of $11.39 and a 200-day moving average price of $11.45. The firm has a market capitalization of $9.76 billion, a PE ratio of 14.74, a P/E/G ratio of 13.32 and a beta of 0.63.

Stora Enso Oyj (OTCMKTS:SEOAY – Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The basic materials company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.13). Stora Enso Oyj had a return on equity of 2.31% and a net margin of 6.20%.The company had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $2.79 billion. Sell-side analysts forecast that Stora Enso Oyj will post 0.44 EPS for the current year.

About Stora Enso Oyj

(Get Free Report)

Stora Enso Oyj is a renewable materials company headquartered in Finland and Sweden. The company develops and manufactures products made from wood and other renewable resources, with a focus on replacing fossil-based materials in packaging, construction and other applications.

Its product portfolio includes renewable packaging materials, packaging solutions, biomaterials and engineered wood products. Stora Enso supplies materials for food and beverage packaging, consumer goods, industrial applications and wooden construction, as well as pulp and other components used in a range of fiber-based products.

Stora Enso serves customers in markets around the world, with operations and sales primarily concentrated in Europe and additional activities in the Americas and Asia.

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