Stora Enso Oyj (OTCMKTS:SEOAY) Sees Large Volume Increase - Time to Buy?

Key Points

• Trading volume surged 143% to 102,822 shares, while Stora Enso’s stock slipped to $10.63 from a prior close of $10.69.
• Analyst sentiment is mostly negative: Zacks Research downgraded the stock to “strong sell,” while the overall consensus rating is “Reduce,” despite Citigroup maintaining a “buy” rating.
• The company missed quarterly expectations, reporting $0.07 EPS versus $0.12 expected and revenue of $2.51 billion versus $2.66 billion forecast.

Stora Enso Oyj (OTCMKTS:SEOAY - Get Free Report) shares saw unusually-strong trading volume on Monday. 102,822 shares changed hands during mid-day trading, an increase of 143% from the average daily volume of 42,286 shares. The stock last traded at $10.63 and had previously closed at $10.69.

Analysts Set New Price Targets

Several analysts recently weighed in on SEOAY shares. Zacks Research downgraded shares of Stora Enso Oyj from a "hold" rating to a "strong sell" rating in a research report on Monday, October 19th. Citigroup reiterated a "buy" rating on shares of Stora Enso Oyj in a research report on Monday, October 12th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Reduce".

Stora Enso Oyj Price Performance

The stock has a 50-day simple moving average of $11.55 and a 200 day simple moving average of $11.67. The stock has a market capitalization of $8.33 billion, a price-to-earnings ratio of 18.86, a price-to-earnings-growth ratio of 12.27 and a beta of 0.57. The company has a current ratio of 1.33, a quick ratio of 0.80 and a debt-to-equity ratio of 0.27.

Stora Enso Oyj (OTCMKTS:SEOAY - Get Free Report) last released its earnings results on Friday, October 30th. The basic materials company reported $0.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.12 by ($0.05). Stora Enso Oyj had a return on equity of 0.83% and a net margin of 4.34%. The company had revenue of $2.51 billion during the quarter, compared to analysts' expectations of $2.66 billion. On average, equities research analysts forecast that Stora Enso Oyj will post 0.41 EPS for the current fiscal year.

About Stora Enso Oyj

Stora Enso Oyj is a Finnish-Swedish renewable materials company that develops and manufactures products based on wood and other renewable resources. Its businesses serve packaging, construction, and biomaterials markets, with a focus on replacing fossil-based materials with renewable alternatives.

The company's products include renewable packaging materials and solutions, engineered wood products for construction, pulp, and selected biomaterials used in consumer and industrial applications.

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