Stora Enso Oyj (OTCMKTS:SEOAY) Sees Strong Trading Volume – What’s Next?

Stora Enso Oyj (OTCMKTS:SEOAY) saw unusually-strong trading volume on Wednesday . 65,919 shares traded hands during mid-day trading, an increase of 68% from the previous session’s volume of 39,301 shares.The stock last traded at $11.83 and had previously closed at $11.96.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SEOAY. BNP Paribas Exane assumed coverage on shares of Stora Enso Oyj in a research note on Wednesday, June 10th. They issued a “neutral” rating on the stock. Citigroup restated a “buy” rating on shares of Stora Enso Oyj in a report on Thursday, July 30th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $10.80.

Stora Enso Oyj Stock Performance

The business has a 50-day simple moving average of $11.15 and a 200 day simple moving average of $11.52. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.33 and a quick ratio of 0.80. The firm has a market cap of $9.44 billion, a PE ratio of 14.26, a PEG ratio of 12.77 and a beta of 0.63.

Stora Enso Oyj (OTCMKTS:SEOAY) last issued its quarterly earnings results on Thursday, July 23rd. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.13). Stora Enso Oyj had a return on equity of 2.31% and a net margin of 6.20%.The business had revenue of $2.76 billion during the quarter, compared to analysts’ expectations of $2.79 billion. Equities research analysts forecast that Stora Enso Oyj will post 0.44 EPS 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.