Stora Enso Oyj (OTCMKTS:SEOAY) Sees Large Volume Increase - What's Next?

Key Points

• Trading volume surged 69% to 67,506 shares, while Stora Enso’s stock rose 2.9% to $12.295.
• Analyst sentiment remains mixed, with one Buy, one Hold and one Sell rating; the consensus rating is Hold with a $10.80 target price.
• The company missed quarterly expectations, reporting $0.04 EPS versus the $0.17 consensus and revenue of $2.76 billion versus $2.79 billion expected.

Stora Enso Oyj (OTCMKTS:SEOAY - Get Free Report) shares saw unusually-high trading volume on Thursday . 67,506 shares were traded during 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 Upgrades and Downgrades

Several research firms have recently issued reports on SEOAY. Citigroup reaffirmed a "buy" rating on shares of Stora Enso Oyj in a research note on Thursday, July 30th. BNP Paribas Exane assumed coverage on shares of Stora Enso Oyj in a report on Wednesday, June 10th. They set a "neutral" rating on the stock. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Stora Enso Oyj currently has an average rating of "Hold" and a consensus target price of $10.80.

Stora Enso Oyj Stock Up 2.9%

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 market capitalization of $9.71 billion, a P/E ratio of 14.65, a P/E/G ratio of 12.96 and a beta of 0.63. The stock has a 50-day moving average price of $11.32 and a 200-day moving average price of $11.45.

Stora Enso Oyj (OTCMKTS:SEOAY - Get Free Report) last announced its earnings results on Thursday, July 23rd. The basic materials company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.13). Stora Enso Oyj had a net margin of 6.20% and a return on equity of 2.31%. The company had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.79 billion. On average, research analysts predict that Stora Enso Oyj will post 0.44 EPS for the current fiscal year.

About Stora Enso Oyj

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.