Stora Enso Oyj (OTCMKTS:SEOAY) Shares Gap Down - Time to Sell?

Key Points

• Stora Enso Oyj shares gapped down from a closing price of $11.24 to an opening price of $10.70, with the stock last trading at $10.64.
• The stock has received mixed ratings from analysts, with a consensus rating of "Reduce" and a target price of $10.80.
• The company recently declared a dividend of $0.0883, scheduled for payment on October 9th, which represents a yield of 79.0% despite a negative payout ratio of -75.00%.

Stora Enso Oyj (OTCMKTS:SEOAY - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $11.24, but opened at $10.70. Stora Enso Oyj shares last traded at $10.64, with a volume of 1,702 shares changing hands.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SEOAY. Berenberg Bank raised shares of Stora Enso Oyj to a "hold" rating in a research report on Friday, August 29th. BNP Paribas raised Stora Enso Oyj from a "strong sell" rating to a "hold" rating and set a $10.80 target price for the company in a research note on Monday, September 29th. UBS Group lowered shares of Stora Enso Oyj from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 14th. Finally, Wall Street Zen lowered Stora Enso Oyj from a "hold" rating to a "sell" rating in a research note on Monday, July 28th. Three analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Stora Enso Oyj has an average rating of "Reduce" and a consensus target price of $10.80.

Stora Enso Oyj Trading Down 5.3%

The business has a 50-day moving average of $11.35 and a 200-day moving average of $10.39. The company has a quick ratio of 0.80, a current ratio of 1.18 and a debt-to-equity ratio of 0.36. The stock has a market cap of $8.39 billion, a price-to-earnings ratio of -66.50 and a beta of 0.81.

Stora Enso Oyj (OTCMKTS:SEOAY - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The basic materials company reported $0.06 earnings per share for the quarter, missing analysts' consensus estimates of $0.07 by ($0.01). The business had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.47 billion. Stora Enso Oyj had a negative return on equity of 3.87% and a negative net margin of 1.18%. As a group, research analysts forecast that Stora Enso Oyj will post 0.67 earnings per share for the current year.

Stora Enso Oyj Dividend Announcement

The business also recently declared a dividend, which will be paid on Thursday, October 9th. Investors of record on Friday, September 26th will be paid a $0.0883 dividend. This represents a dividend yield of 79.0%. The ex-dividend date is Thursday, September 25th. Stora Enso Oyj's payout ratio is -75.00%.

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.

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