Stora Enso Oyj (OTCMKTS:SEOAY) Shares Gap Up – Should You Buy?
by Renee Jackson · The Cerbat GemStora Enso Oyj (OTCMKTS:SEOAY – Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $13.07, but opened at $14.00. Stora Enso Oyj shares last traded at $14.00, with a volume of 202 shares.
Analysts Set New Price Targets
Separately, Citigroup restated a “buy” rating on shares of Stora Enso Oyj in a report on Monday, January 26th. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $10.80.
Check Out Our Latest Analysis on SEOAY
Stora Enso Oyj Stock Down 1.1%
The company has a quick ratio of 0.80, a current ratio of 1.23 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $11.02 billion, a PE ratio of 13.83 and a beta of 0.70. The company’s fifty day moving average price is $12.45 and its 200-day moving average price is $11.69.
Stora Enso Oyj (OTCMKTS:SEOAY – Get Free Report) last released its earnings results on Wednesday, February 4th. The basic materials company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.07). The company had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.26 billion. Stora Enso Oyj had a return on equity of 3.22% and a net margin of 7.58%. Analysts forecast that Stora Enso Oyj will post 0.67 earnings per share for the current year.
About Stora Enso Oyj
Stora Enso Oyj is a Finland‐based provider of renewable solutions in packaging, biomaterials, wooden construction and paper. The company draws on centuries of forest industry experience and leverages sustainable practices to produce a wide array of products, including paperboard for consumer goods, specialty papers for printing and publishing, and pulp for industrial applications. Its portfolio also encompasses wood products such as cross-laminated timber, sawn timber and building components, designed to meet growing demand for environmentally friendly construction materials.
Formed through the 1998 merger of Swedish mining and forestry giant Stora and Finnish paper maker Enso, Stora Enso combines deep heritage with ongoing investments in innovation.