Stora Enso Oyj (OTCMKTS:SEOAY) Sees Large Volume Increase – What’s Next?

Shares of Stora Enso Oyj (OTCMKTS:SEOAY) saw an uptick in trading volume on Monday. Approximately 102,822 shares were traded during trading, an increase of 143% from the average daily volume of 42,286 shares. The stock last traded at $10.63 and had previously closed at $10.69.

Analyst Ratings Changes

Several research firms recently weighed in on SEOAY. Zacks Research lowered Stora Enso Oyj from a “hold” rating to a “strong sell” rating in a report on Monday, October 19th. Citigroup reissued a “buy” rating on shares of Stora Enso Oyj in a research report on Monday, October 12th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Stora Enso Oyj currently has an average rating of “Reduce”.

Stora Enso Oyj Stock Up 5.2%

The company has a debt-to-equity ratio of 0.27, a current ratio of 1.33 and a quick ratio of 0.80. The firm has a market capitalization of $8.76 billion, a P/E ratio of 19.84, a price-to-earnings-growth ratio of 16.60 and a beta of 0.60. The business has a 50 day moving average price of $11.51 and a 200 day moving average price of $11.65.

Stora Enso Oyj (OTCMKTS:SEOAY) last released its earnings results on Friday, October 30th. The basic materials company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.05). Stora Enso Oyj had a net margin of 4.34% and a return on equity of 0.83%. The business had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.66 billion. On average, analysts predict that Stora Enso Oyj will post 0.34 earnings per share for the current year.

Stora Enso Oyj Company Profile

Stora Enso Oyj is a Finnish-Swedish renewable materials company that develops and manufactures products based on wood and other renewable resources. Its businesses serve packaging, construction, and biomaterials markets, with a focus on replacing fossil-based materials with renewable alternatives.

The company’s products include renewable packaging materials and solutions, engineered wood products for construction, pulp, and selected biomaterials used in consumer and industrial applications.