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Stora Enso Oyj (OTCMKTS:SEOAY) Shares Gap Up - Here's What Happened

Stora Enso Oyj logo with Basic Materials background

Shares of Stora Enso Oyj (OTCMKTS:SEOAY - Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $10.31, but opened at $10.93. Stora Enso Oyj shares last traded at $10.88, with a volume of 3,670 shares.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Barclays lowered Stora Enso Oyj from an "overweight" rating to an "underweight" rating in a report on Monday, April 7th. BNP Paribas lowered Stora Enso Oyj from a "hold" rating to a "strong sell" rating in a report on Wednesday, June 25th.

Read Our Latest Stock Report on SEOAY

Stora Enso Oyj Trading Up 4.4%

The company has a market capitalization of $9.16 billion, a P/E ratio of -72.56 and a beta of 0.84. The business has a fifty day moving average price of $10.48 and a 200 day moving average price of $10.20. The company has a quick ratio of 0.67, a current ratio of 1.09 and a debt-to-equity ratio of 0.38.

Stora Enso Oyj (OTCMKTS:SEOAY - Get Free Report) last released its earnings results 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). Stora Enso Oyj had a negative return on equity of 3.89% and a negative net margin of 1.18%. The company had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.47 billion. On average, analysts expect that Stora Enso Oyj will post 0.67 earnings per share for the current fiscal year.

About Stora Enso Oyj

(Get Free Report)

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.

Further Reading

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