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

Key Points

• Stora Enso Oyj experienced a significant increase in trading volume, with approximately 307,002 shares traded, marking a 255% rise from the previous session.
• Analysts have downgraded Stora Enso Oyj's rating, with BNP Paribas moving from a "hold" to a "strong sell" and Wall Street Zen shifting from "hold" to "sell."
• The company's recent earnings report showed a miss on earnings per share (EPS) with $0.06 reported against an estimate of $0.07, despite higher-than-expected revenue of $2.84 billion.

Stora Enso Oyj (OTCMKTS:SEOAY - Get Free Report) shares saw an uptick in trading volume on Wednesday . 307,002 shares were traded during mid-day trading, an increase of 255% from the previous session's volume of 86,580 shares.The stock last traded at $10.85 and had previously closed at $10.67.

Wall Street Analyst Weigh In

A number of research firms have commented on SEOAY. BNP Paribas downgraded shares of Stora Enso Oyj from a "hold" rating to a "strong sell" rating in a report on Wednesday, June 25th. Wall Street Zen downgraded shares of Stora Enso Oyj from a "hold" rating to a "sell" rating in a report on Monday, July 28th.

Stora Enso Oyj Price Performance

The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.67 and a current ratio of 1.09. The company has a market cap of $9.24 billion, a PE ratio of -73.25 and a beta of 0.84. The company's 50-day simple moving average is $10.63 and its 200 day simple moving average is $10.25.

Stora Enso Oyj (OTCMKTS:SEOAY - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The basic materials company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.01). The firm had revenue of $2.84 billion for the quarter, compared to analysts' expectations of $2.47 billion. Stora Enso Oyj had a negative return on equity of 3.89% and a negative net margin of 1.18%. On average, sell-side analysts predict that Stora Enso Oyj will post 0.67 earnings per share for the current fiscal year.

About Stora Enso Oyj

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.