Stora Enso Oyj (OTCMKTS:SEOAY - Get Free Report)'s share price dropped 5.7% on Wednesday . The company traded as low as $10.47 and last traded at $10.47. Approximately 9,976 shares were traded during mid-day trading, a decline of 90% from the average daily volume of 96,122 shares. The stock had previously closed at $11.10.
Wall Street Analysts Forecast Growth
Separately, Barclays downgraded shares of Stora Enso Oyj from an "overweight" rating to an "underweight" rating in a report on Monday, April 7th.
Check Out Our Latest Stock Report on SEOAY
Stora Enso Oyj Stock Down 5.9%
The company has a debt-to-equity ratio of 0.38, a current ratio of 1.09 and a quick ratio of 0.67. The firm has a market capitalization of $8.24 billion, a P/E ratio of -80.35 and a beta of 0.83. The business has a 50 day moving average price of $9.74 and a 200 day moving average price of $10.09.
Stora Enso Oyj (OTCMKTS:SEOAY - Get Free Report) last released its earnings results on Friday, April 25th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.04 by $0.10. Stora Enso Oyj had a negative return on equity of 3.74% and a negative net margin of 1.01%. The firm had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.32 billion. On average, analysts predict that Stora Enso Oyj will post 0.67 earnings per share for the current year.
Stora Enso Oyj Company Profile
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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.
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