Stora Enso Oyj (OTCMKTS:SEOAY) Stock Price Down 0.3% - Here's Why

Key Points

• Stora Enso Oyj's stock price fell by 0.3% during trading, closing at $12.19, after trading as low as $12.02.
• Analysts have downgraded Stora Enso Oyj's ratings, with BNP Paribas moving from a "hold" to a "strong sell" rating, contributing to an average rating of "Sell" for the stock.
• The company reported earnings of $0.06 per share, missing estimates slightly, while its revenue of $2.84 billion exceeded the consensus estimate of $2.47 billion.

Stora Enso Oyj (OTCMKTS:SEOAY - Get Free Report) was down 0.3% during trading on Monday . The company traded as low as $12.02 and last traded at $12.19. Approximately 72,285 shares changed hands during mid-day trading, an increase of 10% from the average daily volume of 66,013 shares. The stock had previously closed at $12.23.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. BNP Paribas lowered Stora Enso Oyj from a "hold" rating to a "strong sell" rating in a report on Wednesday, June 25th. Wall Street Zen downgraded Stora Enso Oyj from a "hold" rating to a "sell" rating in a research report on Monday, July 28th. Finally, UBS Group downgraded Stora Enso Oyj from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 14th. One research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Stora Enso Oyj currently has an average rating of "Sell".

Stora Enso Oyj Stock Performance

The stock has a market capitalization of $9.61 billion, a P/E ratio of -76.19 and a beta of 0.84. 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 business has a fifty day moving average price of $11.05 and a 200-day moving average price of $10.30.

Stora Enso Oyj (OTCMKTS:SEOAY - Get Free Report) last posted its 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). Stora Enso Oyj had a negative net margin of 1.18% and a negative return on equity of 3.87%. The firm had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.47 billion. On average, sell-side analysts expect that Stora Enso Oyj will post 0.67 EPS for the current 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.

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