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

Stora Enso Oyj (OTCMKTS:SEOAY)’s share price gapped down before the market opened on Friday . The stock had previously closed at $12.49, but opened at $12.01. Stora Enso Oyj shares last traded at $11.9250, with a volume of 428 shares changing hands.

Analyst Ratings Changes

Separately, Citigroup restated a “buy” rating on shares of Stora Enso Oyj in a research report on Monday, January 26th. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $10.80.

Stora Enso Oyj Stock Down 3.7%

The stock has a 50 day moving average price of $12.79 and a 200 day moving average price of $11.93. The stock has a market capitalization of $9.29 billion, a price-to-earnings ratio of 11.67 and a beta of 0.66. The company has a quick ratio of 0.66, a current ratio of 1.21 and a debt-to-equity ratio of 0.33.

Stora Enso Oyj (OTCMKTS:SEOAY) last released its quarterly earnings data on Wednesday, February 4th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.07). The firm had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.26 billion. Stora Enso Oyj had a net margin of 7.58% and a return on equity of 3.18%. As a group, analysts forecast that Stora Enso Oyj will post 0.67 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.