Stora Enso Oyj (OTCMKTS:SEOAY) Shares Gap Down – Time to Sell?

Stora Enso Oyj (OTCMKTS:SEOAY)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $12.33, but opened at $11.6030. Stora Enso Oyj shares last traded at $11.65, with a volume of 1,720 shares.

Analysts Set New Price Targets

Separately, BNP Paribas upgraded Stora Enso Oyj from a “strong sell” rating to a “hold” rating and set a $10.80 price objective on the stock in a research report on Monday, September 29th. Three analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Stora Enso Oyj has an average rating of “Reduce” and a consensus target price of $10.80.

Stora Enso Oyj Price Performance

The stock has a 50-day simple moving average of $12.10 and a 200 day simple moving average of $11.47. The company has a market cap of $9.16 billion, a PE ratio of 1,162.16 and a beta of 0.71. The company has a quick ratio of 0.80, a current ratio of 1.23 and a debt-to-equity ratio of 0.35.

Stora Enso Oyj (OTCMKTS:SEOAY) last issued its quarterly earnings data on Thursday, October 23rd. The basic materials company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.22. The firm had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.34 billion. Stora Enso Oyj had a negative return on equity of 2.55% and a net margin of 0.14%. Equities analysts expect that Stora Enso Oyj will post 0.67 EPS for the current year.

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.