Stora Enso Oyj (OTCMKTS:SEOAY) Sees Unusually-High Trading Volume – Here’s Why

Stora Enso Oyj (OTCMKTS:SEOAY) shares saw strong trading volume on Tuesday . 34,980 shares changed hands during trading, an increase of 37% from the previous session’s volume of 25,453 shares.The stock last traded at $11.5250 and had previously closed at $11.65.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. The Goldman Sachs Group raised Stora Enso Oyj to a “strong sell” rating in a report on Tuesday, March 24th. Citigroup reaffirmed 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 issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $10.80.

Stora Enso Oyj Trading Down 1.7%

The company has a quick ratio of 0.66, a current ratio of 1.21 and a debt-to-equity ratio of 0.33. The business has a fifty day simple moving average of $12.49 and a 200 day simple moving average of $11.95. The company has a market cap of $9.37 billion, a price-to-earnings ratio of 11.76 and a beta of 0.72.

Stora Enso Oyj (OTCMKTS:SEOAY) 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). Stora Enso Oyj had a net margin of 7.58% and a return on equity of 3.18%. The business had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.26 billion. On average, equities analysts anticipate that Stora Enso Oyj will post 0.67 EPS for the current fiscal year.

Stora Enso Oyj Company Profile

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.