Stora Enso Oyj (OTCMKTS:SEOAY) Shares Gap Down – Should You Sell?

Stora Enso Oyj (OTCMKTS:SEOAY) shares gapped down before the market opened on Thursday . The stock had previously closed at $11.48, but opened at $10.8550. Stora Enso Oyj shares last traded at $10.86, with a volume of 3,902 shares traded.

Analyst Ratings Changes

Several analysts recently commented on the stock. BNP Paribas Exane began coverage on shares of Stora Enso Oyj in a research report on Wednesday, June 10th. They issued a “neutral” rating for the company. The Goldman Sachs Group raised shares of Stora Enso Oyj to a “strong sell” rating in a research report on Tuesday, March 24th. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $10.80.

Stora Enso Oyj Price Performance

The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.57 and a current ratio of 1.07. The firm has a market capitalization of $8.67 billion, a price-to-earnings ratio of 12.08 and a beta of 0.63. The firm has a fifty day moving average price of $11.48 and a 200 day moving average price of $12.07.

Stora Enso Oyj (OTCMKTS:SEOAY) last announced its quarterly earnings data on Thursday, May 7th. The basic materials company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.05). The business had revenue of $2.78 billion for the quarter, compared to analyst estimates of $2.69 billion. Stora Enso Oyj had a return on equity of 2.58% and a net margin of 6.63%. As a group, sell-side analysts expect that Stora Enso Oyj will post 0.67 EPS for the current fiscal year.

Stora Enso Oyj Company Profile

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.