Stora Enso Oyj (OTCMKTS:SEOAY) Shares Gap Down – Time to Sell?

Stora Enso Oyj (OTCMKTS:SEOAY) shares gapped down prior to trading on Wednesday . The stock had previously closed at $11.6320, but opened at $10.89. Stora Enso Oyj shares last traded at $11.10, with a volume of 1,228 shares.

Analysts Set New Price Targets

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

Stora Enso Oyj Stock Down 6.2%

The company has a fifty day simple moving average of $11.58 and a 200-day simple moving average of $12.09. The company has a quick ratio of 0.57, a current ratio of 1.07 and a debt-to-equity ratio of 0.32. The firm has a market cap of $8.58 billion, a P/E ratio of 11.96 and a beta of 0.63.

Stora Enso Oyj (OTCMKTS:SEOAY) last released 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 business had revenue of $2.78 billion during the quarter, compared to the consensus estimate of $2.69 billion. Stora Enso Oyj had a return on equity of 2.58% and a net margin of 6.63%. On average, equities analysts anticipate that Stora Enso Oyj will post 0.64 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.