Stora Enso Oyj (OTCMKTS:SEOAY) Shares Gap Up – Here’s What Happened

Shares of Stora Enso Oyj (OTCMKTS:SEOAY) gapped up prior to trading on Friday . The stock had previously closed at $10.35, but opened at $10.72. Stora Enso Oyj shares last traded at $10.71, with a volume of 4,803 shares changing hands.

Analyst Ratings Changes

Separately, BNP Paribas Exane initiated coverage on shares of Stora Enso Oyj in a research report on Wednesday, June 10th. They set a “neutral” rating on the stock. One analyst has rated the stock with a Buy rating, three have assigned 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 an average target price of $10.80.

Stora Enso Oyj Trading Up 3.3%

The company has a fifty day moving average of $11.03 and a two-hundred day moving average of $11.83. The company has a current ratio of 1.07, a quick ratio of 0.57 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $8.43 billion, a price-to-earnings ratio of 11.75 and a beta of 0.64.

Stora Enso Oyj (OTCMKTS:SEOAY) last announced its quarterly earnings results on Thursday, July 23rd. The basic materials company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.13). Stora Enso Oyj had a net margin of 6.63% and a return on equity of 2.58%. The company had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.79 billion. On average, research analysts expect that Stora Enso Oyj will post 0.66 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.