Stora Enso Oyj (OTCMKTS:SEOAY) Stock Price Crosses Below Fifty Day Moving Average – Here’s Why

Stora Enso Oyj (OTCMKTS:SEOAY) shares crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $12.56 and traded as low as $11.77. Stora Enso Oyj shares last traded at $11.87, with a volume of 28,965 shares.

Wall Street Analyst Weigh In

SEOAY has been the topic of a number of research reports. The Goldman Sachs Group upgraded Stora Enso Oyj to a “strong sell” rating in a report on Tuesday, March 24th. Citigroup reiterated a “buy” rating on shares of Stora Enso Oyj in a research note on Monday, January 26th. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Stora Enso Oyj presently has an average rating of “Reduce” and an average target price of $10.80.

Stora Enso Oyj Trading Up 0.5%

The company has a fifty day simple moving average of $12.56 and a two-hundred day simple moving average of $11.94. The company has a market capitalization of $9.36 billion, a P/E ratio of 11.75 and a beta of 0.72. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.21 and a quick ratio of 0.66.

Stora Enso Oyj (OTCMKTS:SEOAY) last released its quarterly earnings results 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). The company had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.26 billion. Stora Enso Oyj had a return on equity of 3.18% and a net margin of 7.58%. On average, analysts forecast that Stora Enso Oyj will post 0.67 earnings per share for the current fiscal 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.