Stora Enso Oyj (OTCMKTS:SEOAY) Sees Unusually-High Trading Volume – What’s Next?

Stora Enso Oyj (OTCMKTS:SEOAY) shares saw strong trading volume on Wednesday . 49,374 shares traded hands during mid-day 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.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. The Goldman Sachs Group raised shares of Stora Enso Oyj to a “strong sell” rating in a 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 investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Stora Enso Oyj presently has a consensus rating of “Hold” and a consensus price target of $10.80.

Stora Enso Oyj Stock Performance

The firm has a market capitalization of $8.83 billion, a P/E ratio of 12.31 and a beta of 0.63. The stock has a fifty day simple moving average of $11.76 and a two-hundred day simple moving average of $12.12. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.21 and a quick ratio of 0.66.

Stora Enso Oyj (OTCMKTS:SEOAY) last issued its earnings results on Thursday, May 7th. The basic materials company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.05). The firm 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 2.59% and a net margin of 6.63%. On average, research analysts predict that Stora Enso Oyj will post 0.64 EPS for the current year.

Stora Enso Oyj Company Profile

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.