Stora Enso Oyj (OTCMKTS:SEOAY) Sees Strong Trading Volume - Here's Why

Key Points

• Trading volume surged 68% to 65,919 shares, while Stora Enso’s stock traded at $11.83 versus its previous close of $11.96.
• Analyst sentiment is mixed, with ratings ranging from Buy to Sell; the consensus is “Hold” with a target price of $10.80.
• The company missed quarterly expectations, reporting $0.04 EPS versus a $0.17 estimate and revenue of $2.76 billion versus $2.79 billion expected.

Stora Enso Oyj (OTCMKTS:SEOAY - Get Free Report) shares saw unusually-strong trading volume on Wednesday . 65,919 shares were traded during mid-day trading, an increase of 68% from the previous session's volume of 39,301 shares.The stock last traded at $11.83 and had previously closed at $11.96.

Analyst Upgrades and Downgrades

SEOAY has been the subject of a number of research reports. Citigroup reissued a "buy" rating on shares of Stora Enso Oyj in a research note on Thursday, July 30th. BNP Paribas Exane began coverage on Stora Enso Oyj in a report on Wednesday, June 10th. They issued a "neutral" rating on the stock. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $10.80.

Stora Enso Oyj Price Performance

The business's 50 day moving average is $11.15 and its two-hundred day moving average is $11.52. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.80 and a current ratio of 1.33. The firm has a market capitalization of $9.44 billion, a PE ratio of 14.26, a price-to-earnings-growth ratio of 12.77 and a beta of 0.63.

Stora Enso Oyj (OTCMKTS:SEOAY - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The basic materials company reported $0.04 earnings per share (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 business had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.79 billion. Equities research analysts anticipate that Stora Enso Oyj will post 0.44 earnings per share for the current fiscal 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.

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