Stora Enso Oyj (OTCMKTS:SEOAY) Shares Gap Up – Should You Buy?

Stora Enso Oyj (OTCMKTS:SEOAY)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $10.76, but opened at $11.14. Stora Enso Oyj shares last traded at $11.20, with a volume of 555 shares traded.

Wall Street Analyst Weigh In

Several research analysts have commented on SEOAY shares. BNP Paribas Exane assumed coverage on Stora Enso Oyj in a report on Wednesday, June 10th. They set a “neutral” rating on the stock. The Goldman Sachs Group upgraded Stora Enso Oyj to a “strong sell” rating in a research report on Tuesday, March 24th. One 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 MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $10.80.

Stora Enso Oyj Stock 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 stock’s 50 day moving average price is $11.06 and its 200 day moving average price is $11.88. The company has a market capitalization of $8.78 billion, a P/E ratio of 12.23 and a beta of 0.64.

Stora Enso Oyj (OTCMKTS:SEOAY) last announced its 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). The firm had revenue of $2.78 billion for the quarter, compared to the consensus estimate 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, equities analysts expect 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.