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

Stora Enso Oyj (OTCMKTS:SEOAY)’s stock price gapped down prior to trading 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 trading hands.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. The Goldman Sachs Group raised Stora Enso Oyj to a “strong sell” rating in a report on Tuesday, March 24th. BNP Paribas Exane assumed coverage on Stora Enso Oyj in a report on Wednesday, June 10th. They issued a “neutral” rating on the stock. 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 stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $10.80.

Stora Enso Oyj Stock Performance

The firm has a market cap of $8.70 billion, a price-to-earnings ratio of 12.12 and a beta of 0.63. The company has a quick ratio of 0.57, a current ratio of 1.07 and a debt-to-equity ratio of 0.32. The stock has a fifty day moving average price of $11.51 and a 200-day moving average price of $12.08.

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 analysts’ consensus estimates of $0.11 by ($0.05). Stora Enso Oyj had a net margin of 6.63% and a return on equity of 2.58%. The business had revenue of $2.78 billion during the quarter, compared to analysts’ expectations of $2.69 billion. On average, analysts expect that Stora Enso Oyj will post 0.64 earnings per share 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.