Stora Enso Oyj (OTCMKTS:SEOAY) Reaches New 52-Week Low - Here's What Happened

Stora Enso Oyj (OTCMKTS:SEOAY - Get Free Report)'s share price hit a new 52-week low during trading on Monday . The stock traded as low as $8.31 and last traded at $8.38, with a volume of 384119 shares trading hands. The stock had previously closed at $8.76.

Analyst Ratings Changes

Separately, Barclays lowered shares of Stora Enso Oyj from an "overweight" rating to an "underweight" rating in a research note on Monday, April 7th.

Stora Enso Oyj Price Performance

The firm has a 50-day simple moving average of $10.28 and a 200-day simple moving average of $10.66. The firm has a market cap of $6.70 billion, a P/E ratio of -53.09 and a beta of 0.89. The company has a current ratio of 1.12, a quick ratio of 0.83 and a debt-to-equity ratio of 0.39.

Stora Enso Oyj (OTCMKTS:SEOAY - Get Free Report) last posted its earnings results on Tuesday, February 11th. The basic materials company reported ($0.86) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.82) by ($0.04). Stora Enso Oyj had a negative net margin of 1.29% and a negative return on equity of 3.97%. As a group, analysts forecast that Stora Enso Oyj will post 0.67 EPS for the current year.

Stora Enso Oyj Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, April 9th. Stockholders of record on Monday, March 24th were given a dividend of $0.1348 per share. The ex-dividend date of this dividend was Monday, March 24th. This is an increase from Stora Enso Oyj's previous dividend of $0.10. Stora Enso Oyj's dividend payout ratio is presently -62.50%.

Stora Enso Oyj Company Profile

Stora Enso Oyj provides renewable solutions for the packaging, biomaterials, wooden constructions, and paper industries in Finland and internationally. It operates through Packaging Materials, Packaging Solutions, Biomaterials, Wood Products, Forest, Paper, and Other segments. The company's Packaging Materials segment offers virgin and recycled fiber replace fossil-based materials with low-carbon, renewable and recyclable packaging materials for food and beverage, pharmaceutical, and transport packaging.