Stora Enso Oyj (OTCMKTS:SEOAY) Shares Gap Down – What’s Next?

Stora Enso Oyj (OTCMKTS:SEOAY) shares gapped down before the market opened on Friday . The stock had previously closed at $12.19, but opened at $11.41. Stora Enso Oyj shares last traded at $11.41, with a volume of 215 shares trading hands.

Wall Street Analysts Forecast Growth

SEOAY has been the topic of a number of recent research reports. The Goldman Sachs Group raised Stora Enso Oyj to a “strong sell” rating in a report on Tuesday, March 24th. Citigroup reaffirmed a “buy” rating on shares of Stora Enso Oyj in a research report on Monday, January 26th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $10.80.

Stora Enso Oyj Stock Performance

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 stock has a market cap of $9.00 billion, a P/E ratio of 11.30 and a beta of 0.72. The business’s 50-day moving average price is $12.30 and its 200-day moving average price is $12.04.

Stora Enso Oyj (OTCMKTS:SEOAY) last announced its earnings results on Wednesday, February 4th. The basic materials company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.07). The company had revenue of $2.66 billion during 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%. As a group, sell-side analysts expect 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.