Stora Enso Oyj (OTCMKTS:SEOAY) Stock Price Crosses Below 50 Day Moving Average – What’s Next?

Stora Enso Oyj (OTCMKTS:SEOAY)’s stock price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $12.56 and traded as low as $11.77. Stora Enso Oyj shares last traded at $11.87, with a volume of 28,965 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on SEOAY. The Goldman Sachs Group upgraded shares of Stora Enso Oyj to a “strong sell” rating in a research report on Tuesday, March 24th. Citigroup restated a “buy” rating on shares of Stora Enso Oyj in a research report on Monday, January 26th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target 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 stock has a 50-day simple moving average of $12.55 and a 200-day simple moving average of $11.93. The stock has a market cap of $9.23 billion, a P/E ratio of 11.59 and a beta of 0.72.

Stora Enso Oyj (OTCMKTS:SEOAY) last posted 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 return on equity of 3.18% and a net margin of 7.58%.The company had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.26 billion. Research analysts forecast that Stora Enso Oyj will post 0.67 earnings per share for the current 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.