Stora Enso Oyj (OTCMKTS:SEOAY) Shares Gap Down – Here’s Why

Stora Enso Oyj (OTCMKTS:SEOAY) gapped down prior to trading on Monday . The stock had previously closed at $12.3760, but opened at $11.6660. Stora Enso Oyj shares last traded at $11.6540, with a volume of 2,861 shares changing hands.

Analysts Set New Price Targets

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

Stora Enso Oyj Stock Performance

The company has a quick ratio of 0.80, a current ratio of 1.23 and a debt-to-equity ratio of 0.35. The firm has a market cap of $9.15 billion, a price-to-earnings ratio of 1,161.16 and a beta of 0.71. The company has a 50-day moving average price of $12.20 and a 200 day moving average price of $11.55.

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.