Stora Enso Oyj (OTCMKTS:SEOAY) Shares Gap Up – Still a Buy?

Stora Enso Oyj (OTCMKTS:SEOAY)’s share price gapped up prior to trading 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.

Wall Street Analyst Weigh In

Separately, BNP Paribas Exane started coverage on Stora Enso Oyj in a research report on Wednesday, June 10th. They set a “neutral” rating for the company. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $10.80.

Stora Enso Oyj Stock Performance

The firm’s 50 day moving average price is $11.03 and its 200-day moving average price is $11.83. The firm has a market cap of $8.43 billion, a price-to-earnings ratio of 11.75 and a beta of 0.64. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.07 and a quick ratio of 0.57.

Stora Enso Oyj (OTCMKTS:SEOAY) last released its earnings results on Thursday, July 23rd. The basic materials company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.13). The company had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.79 billion. Stora Enso Oyj had a net margin of 6.63% and a return on equity of 2.58%. On average, analysts anticipate that Stora Enso Oyj will post 0.66 earnings per share for the current 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.