Stora Enso Oyj (OTCMKTS:SEOAY) Shares Gap Up – Time to Buy?

Shares of Stora Enso Oyj (OTCMKTS:SEOAY) gapped up before the market opened on Wednesday . The stock had previously closed at $13.07, but opened at $14.00. Stora Enso Oyj shares last traded at $14.00, with a volume of 202 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Citigroup reaffirmed 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. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $10.80.

Stora Enso Oyj Price Performance

The company has a market cap of $11.32 billion, a PE ratio of 14.21 and a beta of 0.70. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.23 and a quick ratio of 0.80. The stock’s 50-day moving average is $12.32 and its 200 day moving average is $11.64.

Stora Enso Oyj (OTCMKTS:SEOAY) last issued its quarterly earnings results on Wednesday, February 4th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.07). Stora Enso Oyj had a return on equity of 3.22% and a net margin of 7.58%.The business had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.26 billion. On average, equities analysts anticipate that Stora Enso Oyj will post 0.67 earnings per share for the current fiscal 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.