Stora Enso Oyj (OTCMKTS:SEOAY) Sees Unusually-High Trading Volume – Here’s What Happened

Stora Enso Oyj (OTCMKTS:SEOAY) saw an uptick in trading volume on Tuesday . 34,980 shares changed hands during mid-day trading, an increase of 37% from the previous session’s volume of 25,453 shares.The stock last traded at $11.5250 and had previously closed at $11.65.

Analysts Set New Price Targets

Several research firms recently weighed in on SEOAY. Citigroup reaffirmed a “buy” rating on shares of Stora Enso Oyj in a research note on Monday, January 26th. The Goldman Sachs Group upgraded Stora Enso Oyj to a “strong sell” rating in a report on Tuesday, March 24th. One 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. According to data from MarketBeat.com, the stock 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 $9.10 billion, a PE ratio of 11.43 and a beta of 0.72. The stock has a fifty day simple moving average of $12.52 and a two-hundred day simple moving average of $11.94. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.66 and a current ratio of 1.21.

Stora Enso Oyj (OTCMKTS:SEOAY) last released its quarterly earnings results on Wednesday, February 4th. The basic materials company reported ($0.03) earnings per share 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 analysts’ expectations of $2.26 billion. Stora Enso Oyj had a return on equity of 3.18% and a net margin of 7.58%. Equities analysts anticipate that Stora Enso Oyj will post 0.67 EPS 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.