Stora Enso Oyj (OTCMKTS:SEOAY) Shares Down 5.8% – Should You Sell?

Stora Enso Oyj (OTCMKTS:SEOAY) dropped 5.8% on Thursday . The stock traded as low as $10.93 and last traded at $10.93. Approximately 2,176 shares traded hands during mid-day trading, a decline of 94% from the average daily volume of 36,056 shares. The stock had previously closed at $11.60.

Wall Street Analyst Weigh In

SEOAY has been the subject of several analyst reports. The Goldman Sachs Group raised Stora Enso Oyj to a “strong sell” rating in a report on Tuesday, March 24th. BNP Paribas Exane initiated coverage on Stora Enso Oyj in a report on Wednesday. They issued a “neutral” rating for the company. 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 company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $10.80.

Stora Enso Oyj Price Performance

The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.57 and a current ratio of 1.07. The company has a market cap of $8.75 billion, a price-to-earnings ratio of 12.19 and a beta of 0.63. The business has a fifty day moving average price of $11.54 and a 200 day moving average price of $12.09.

Stora Enso Oyj (OTCMKTS:SEOAY) last posted its quarterly earnings results on Thursday, May 7th. The basic materials company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.05). Stora Enso Oyj had a return on equity of 2.58% and a net margin of 6.63%.The business had revenue of $2.78 billion for the quarter, compared to analyst estimates of $2.69 billion. As a group, research analysts anticipate that Stora Enso Oyj will post 0.64 earnings per share for the current 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.