Stora Enso Oyj (OTCMKTS:SEOAY) Sees Large Volume Increase – Time to Buy?

Shares of Stora Enso Oyj (OTCMKTS:SEOAY) saw strong trading volume on Tuesday . 51,022 shares traded hands during mid-day trading, an increase of 184% from the previous session’s volume of 17,945 shares.The stock last traded at $11.9950 and had previously closed at $11.85.

Wall Street Analysts Forecast Growth

Separately, Citigroup reissued 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 given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $10.80.

Stora Enso Oyj Stock Performance

The stock has a market cap of $9.46 billion, a P/E ratio of 11.88 and a beta of 0.66. 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’s 50 day simple moving average is $12.76 and its two-hundred day simple moving average is $11.92.

Stora Enso Oyj (OTCMKTS:SEOAY) last issued its quarterly earnings data 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). The company had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.26 billion. Stora Enso Oyj had a return on equity of 3.18% and a net margin of 7.58%. As a group, research analysts forecast that Stora Enso Oyj will post 0.67 EPS for the current 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.