Stora Enso Oyj (OTCMKTS:SEOAY) Sees Unusually-High Trading Volume – Should You Buy?

Stora Enso Oyj (OTCMKTS:SEOAY) shares saw unusually-strong trading volume on Monday. Approximately 102,822 shares traded hands during trading, an increase of 143% from the average daily volume of 42,286 shares. The stock last traded at $10.63 and had previously closed at $10.69.

Analysts Set New Price Targets

A number of analysts recently weighed in on SEOAY shares. Citigroup reissued a “buy” rating on shares of Stora Enso Oyj in a research note on Monday, October 12th. Zacks Research lowered Stora Enso Oyj from a “hold” rating to a “strong sell” rating in a research report on Monday, October 19th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce”.

Stora Enso Oyj Trading Down 1.2%

The business has a 50 day simple moving average of $11.55 and a 200-day simple moving average of $11.67. 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 stock has a market capitalization of $8.33 billion, a price-to-earnings ratio of 18.86, a PEG ratio of 12.27 and a beta of 0.57.

Stora Enso Oyj (OTCMKTS:SEOAY) last announced its earnings results on Friday, October 30th. The basic materials company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.05). Stora Enso Oyj had a return on equity of 0.83% and a net margin of 4.34%. The company had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.66 billion. As a group, equities analysts expect that Stora Enso Oyj will post 0.41 earnings per share for the current year.

About Stora Enso Oyj

Stora Enso Oyj is a Finnish-Swedish renewable materials company that develops and manufactures products based on wood and other renewable resources. Its businesses serve packaging, construction, and biomaterials markets, with a focus on replacing fossil-based materials with renewable alternatives.

The company’s products include renewable packaging materials and solutions, engineered wood products for construction, pulp, and selected biomaterials used in consumer and industrial applications.