Stora Enso Oyj (OTCMKTS:SEOAY) Sees Large Volume Increase – Here’s What Happened

Stora Enso Oyj (OTCMKTS:SEOAY) shares saw an uptick in trading volume on Thursday . 43,261 shares changed hands during mid-day trading, an increase of 47% from the previous session’s volume of 29,339 shares.The stock last traded at $12.09 and had previously closed at $12.19.

Analysts Set New Price Targets

A number of research firms have recently weighed in on SEOAY. The Goldman Sachs Group raised shares of Stora Enso Oyj to a “strong sell” rating in a research note on Tuesday, March 24th. Citigroup reaffirmed 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 one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Stora Enso Oyj currently has an average rating of “Hold” and a consensus price target of $10.80.

Stora Enso Oyj Price Performance

The company has a quick ratio of 0.66, a current ratio of 1.21 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $9.52 billion, a price-to-earnings ratio of 11.95 and a beta of 0.72. The stock’s 50 day moving average price is $12.40 and its two-hundred day moving average price is $12.02.

Stora Enso Oyj (OTCMKTS:SEOAY) last posted its quarterly earnings results on Wednesday, February 4th. The basic materials company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.07). Stora Enso Oyj had a return on equity of 3.18% and a net margin of 7.58%.The company had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.26 billion. Analysts anticipate that Stora Enso Oyj will post 0.68 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.