Stora Enso Oyj (OTCMKTS:SEOAY) Shares Gap Down – Time to Sell?

Stora Enso Oyj (OTCMKTS:SEOAY)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $11.6320, but opened at $10.89. Stora Enso Oyj shares last traded at $11.10, with a volume of 1,228 shares trading hands.

Analyst Ratings Changes

SEOAY has been the subject of a number of recent research reports. The Goldman Sachs Group upgraded Stora Enso Oyj to a “strong sell” rating in a research note on Tuesday, March 24th. BNP Paribas Exane initiated coverage on Stora Enso Oyj in a research note on Wednesday. They set a “neutral” rating for the company. One research 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. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $10.80.

Stora Enso Oyj Stock Down 6.2%

The company has a 50 day moving average price of $11.58 and a two-hundred day moving average price of $12.09. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.07 and a quick ratio of 0.57. The stock has a market cap of $8.58 billion, a PE ratio of 11.96 and a beta of 0.63.

Stora Enso Oyj (OTCMKTS:SEOAY) last posted its quarterly earnings results on Thursday, May 7th. The basic materials company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.05). Stora Enso Oyj had a return on equity of 2.58% and a net margin of 6.63%.The business had revenue of $2.78 billion during the quarter, compared to analysts’ expectations of $2.69 billion. Analysts expect that Stora Enso Oyj will post 0.64 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.