Stora Enso Oyj (OTCMKTS:SEOAY) Stock Passes Below 50-Day Moving Average of $13.63

Stora Enso Oyj (OTCMKTS:SEOAY) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $13.63 and traded as low as $12.10. Stora Enso Oyj shares last traded at $12.17, with a volume of 34,450 shares trading hands.

Wall Street Analyst Weigh In

Separately, Citigroup upgraded shares of Stora Enso Oyj from a “neutral” rating to a “buy” rating in a research note on Monday, July 1st.

Stora Enso Oyj Trading Down 3.0 %

The company has a debt-to-equity ratio of 0.40, a current ratio of 1.54 and a quick ratio of 1.14. The company has a market cap of $9.31 billion, a price-to-earnings ratio of -18.75, a PEG ratio of 0.42 and a beta of 0.91. The business’s 50-day simple moving average is $13.58 and its 200-day simple moving average is $13.35.

About Stora Enso Oyj

Stora Enso Oyj provides renewable solutions for the packaging, biomaterials, wooden constructions, and paper industries in Finland and internationally. It operates through Packaging Materials, Packaging Solutions, Biomaterials, Wood Products, Forest, Paper, and Other segments. The company's Packaging Materials segment offers virgin and recycled fiber replace fossil-based materials with low-carbon, renewable and recyclable packaging materials for food and beverage, pharmaceutical, and transport packaging.