Stora Enso Oyj (OTCMKTS:SEOAY) Stock Price Down 0.3% – Time to Sell?

Shares of Stora Enso Oyj (OTCMKTS:SEOAY) dropped 0.3% on Monday . The stock traded as low as $11.89 and last traded at $11.92. Approximately 29,408 shares traded hands during mid-day trading, a decline of 19% from the average daily volume of 36,371 shares. The stock had previously closed at $11.96.

Analyst Ratings Changes

SEOAY has been the topic of several research reports. BNP Paribas upgraded Stora Enso Oyj from a “strong sell” rating to a “hold” rating and set a $10.80 price objective on the stock in a research report on Monday, September 29th. Berenberg Bank raised shares of Stora Enso Oyj to a “hold” rating in a research note on Friday, August 29th. Three analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Stora Enso Oyj currently has an average rating of “Reduce” and a consensus price target of $10.80.

Stora Enso Oyj Stock Performance

The business has a fifty day moving average of $11.33 and a 200-day moving average of $11.11. The company has a market cap of $9.40 billion, a PE ratio of 1,193.19 and a beta of 0.74. The company has a current ratio of 1.23, a quick ratio of 0.80 and a debt-to-equity ratio of 0.35.

Stora Enso Oyj (OTCMKTS:SEOAY) last issued its quarterly earnings data on Thursday, October 23rd. The basic materials company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.08 by $0.22. Stora Enso Oyj had a net margin of 0.14% and a negative return on equity of 2.55%. The business had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.34 billion. Equities research analysts anticipate that Stora Enso Oyj will post 0.67 earnings per share for the current fiscal year.

Stora Enso Oyj Announces Dividend

The business also recently declared a dividend, which was paid on Thursday, October 9th. Stockholders of record on Friday, September 26th were given a $0.0883 dividend. This represents a dividend yield of 79.0%. The ex-dividend date of this dividend was Thursday, September 25th. Stora Enso Oyj’s payout ratio is currently 1,200.00%.

Stora Enso Oyj Company Profile

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.