Stora Enso Oyj (OTCMKTS:SEOAY) Shares Cross Below 50 Day Moving Average – Should You Sell?

Stora Enso Oyj (OTCMKTS:SEOAY) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $11.65 and traded as low as $11.22. Stora Enso Oyj shares last traded at $11.34, with a volume of 27,272 shares.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on SEOAY shares. The Goldman Sachs Group raised shares of Stora Enso Oyj to a “strong sell” rating in a research note on Tuesday, March 24th. Citigroup reaffirmed a “buy” rating on shares of Stora Enso Oyj in a research note on Monday, January 26th. One equities 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 an average target price of $10.80.

Stora Enso Oyj Stock Performance

The company has a debt-to-equity ratio of 0.33, a current ratio of 1.21 and a quick ratio of 0.66. The firm has a market capitalization of $8.86 billion, a P/E ratio of 12.34 and a beta of 0.63. The stock’s 50 day moving average is $11.61 and its two-hundred day moving average is $12.11.

Stora Enso Oyj (OTCMKTS:SEOAY) last issued its earnings results on Thursday, May 7th. The basic materials company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.05). Stora Enso Oyj had a net margin of 6.63% and a return on equity of 2.59%. The firm had revenue of $2.78 billion during the quarter, compared to the consensus estimate of $2.69 billion. As a group, equities analysts anticipate that Stora Enso Oyj will post 0.64 earnings per share for the current fiscal 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.