Stora Enso Oyj (OTCMKTS:SEOAY) Sees Strong Trading Volume – Still a Buy?

Stora Enso Oyj (OTCMKTS:SEOAY) shares saw unusually-strong trading volume on Tuesday . Approximately 51,022 shares were traded during 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 Analyst Weigh In

Separately, Citigroup restated a “buy” rating on shares of Stora Enso Oyj in a research note on Monday, January 26th. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $10.80.

Stora Enso Oyj Stock Down 5.5%

The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.66 and a current ratio of 1.21. The firm has a market capitalization of $8.91 billion, a P/E ratio of 11.18 and a beta of 0.66. The stock has a fifty day moving average price of $12.73 and a two-hundred day moving average price of $11.93.

Stora Enso Oyj (OTCMKTS:SEOAY) last announced its quarterly earnings data on Wednesday, February 4th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.07). Stora Enso Oyj had a return on equity of 3.18% and a net margin of 7.58%.The firm had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.26 billion. Research analysts forecast that Stora Enso Oyj will post 0.67 EPS for the current 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.