Stora Enso Oyj (OTCMKTS:SEOAY) Shares Gap Up – Time to Buy?

Stora Enso Oyj (OTCMKTS:SEOAY)’s share price gapped up before the market opened on Friday . The stock had previously closed at $10.35, but opened at $10.72. Stora Enso Oyj shares last traded at $10.71, with a volume of 4,803 shares trading hands.

Analyst Ratings Changes

Separately, BNP Paribas Exane initiated coverage on Stora Enso Oyj in a research note on Wednesday, June 10th. They set a “neutral” rating on the stock. One research 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. According to MarketBeat, Stora Enso Oyj currently has an average rating of “Hold” and an average target price of $10.80.

Stora Enso Oyj Stock Up 2.9%

The firm has a market capitalization of $8.40 billion, a P/E ratio of 12.68 and a beta of 0.64. The firm’s 50-day moving average is $11.03 and its 200 day moving average is $11.82. 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 announced its earnings results on Thursday, July 23rd. The basic materials company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.13). The company had revenue of $2.76 billion during the quarter, compared to analyst estimates of $2.79 billion. Stora Enso Oyj had a return on equity of 2.38% and a net margin of 6.20%. As a group, equities research analysts predict that Stora Enso Oyj will post 0.66 EPS 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.