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

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

Analyst Ratings Changes

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

Stora Enso Oyj Trading Up 0.3%

The firm has a 50 day moving average of $11.90 and a 200 day moving average of $11.36. The firm 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 quick ratio of 0.80, a current ratio of 1.23 and a debt-to-equity ratio of 0.35.

Stora Enso Oyj (OTCMKTS:SEOAY) last issued its quarterly earnings results on Thursday, October 23rd. The basic materials company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.22. Stora Enso Oyj had a negative return on equity of 2.55% and a net margin of 0.14%.The firm had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.34 billion. 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.