Stora Enso Oyj (OTCMKTS:SEOAY) Shares Gap Up – Here’s Why

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 changing hands.

Wall Street Analyst Weigh In

Several brokerages have weighed in on SEOAY. The Goldman Sachs Group raised shares of Stora Enso Oyj to a “strong sell” rating in a research report on Tuesday, March 24th. BNP Paribas Exane started coverage on shares of Stora Enso Oyj in a research note on Wednesday, June 10th. They set a “neutral” rating for the company. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Stora Enso Oyj presently has an average rating of “Hold” and a consensus target price of $10.80.

Stora Enso Oyj Trading Up 3.4%

The stock has a market capitalization of $8.80 billion, a P/E ratio of 12.26 and a beta of 0.64. The stock has a 50-day moving average price of $11.05 and a two-hundred day moving average price of $11.88. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.57 and a current ratio of 1.07.

Stora Enso Oyj (OTCMKTS:SEOAY) last posted its earnings results on Thursday, May 7th. The basic materials company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $2.69 billion. On average, research analysts forecast that Stora Enso Oyj will post 0.66 EPS 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.