Stora Enso Oyj (OTCMKTS:SEOAY) Hits New 12-Month High – Here’s Why

Stora Enso Oyj (OTCMKTS:SEOAY)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $12.96 and last traded at $12.96, with a volume of 478 shares changing hands. The stock had previously closed at $12.7240.

Analyst Ratings Changes

Separately, Citigroup restated a “buy” rating on shares of Stora Enso Oyj in a research note on Monday, January 26th. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $10.80.

Stora Enso Oyj Stock Performance

The stock has a 50 day moving average price of $12.25 and a two-hundred day moving average price of $11.61. The company has a market cap of $10.28 billion, a P/E ratio of 12.90 and a beta of 0.70. The company has a quick ratio of 0.80, a current ratio of 1.23 and a debt-to-equity ratio of 0.35.

Stora Enso Oyj (OTCMKTS:SEOAY) last announced its quarterly earnings results on Wednesday, February 4th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.07). The company had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.26 billion. Stora Enso Oyj had a net margin of 7.58% and a return on equity of 3.22%. On average, research analysts predict that Stora Enso Oyj will post 0.67 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.