Stora Enso Oyj (OTCMKTS:SEOAY) Stock Price Down 1.7% – Time to Sell?

Stora Enso Oyj (OTCMKTS:SEOAY)’s stock price was down 1.7% during mid-day trading on Tuesday . The company traded as low as $10.24 and last traded at $10.31. Approximately 125,007 shares traded hands during trading, an increase of 144% from the average daily volume of 51,255 shares. The stock had previously closed at $10.49.

Analyst Ratings Changes

Several analysts recently weighed in on SEOAY shares. BNP Paribas upgraded shares of Stora Enso Oyj to a “hold” rating in a research report on Tuesday, October 15th. Barclays raised shares of Stora Enso Oyj from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, October 7th.

Stora Enso Oyj Trading Down 1.7 %

The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.83 and a current ratio of 1.27. The stock has a market cap of $8.13 billion, a price-to-earnings ratio of -114.54 and a beta of 0.88. The company’s 50 day simple moving average is $11.13 and its two-hundred day simple moving average is $12.35.

Stora Enso Oyj (OTCMKTS:SEOAY) last issued its earnings results on Thursday, October 24th. The basic materials company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.04). The firm had revenue of $2.48 billion during the quarter. Stora Enso Oyj had a negative return on equity of 2.72% and a negative net margin of 0.75%. Research analysts expect that Stora Enso Oyj will post 0.46 EPS for the current fiscal year.

About Stora Enso Oyj

Stora Enso Oyj provides renewable solutions for the packaging, biomaterials, wooden constructions, and paper industries in Finland and internationally. It operates through Packaging Materials, Packaging Solutions, Biomaterials, Wood Products, Forest, Paper, and Other segments. The company's Packaging Materials segment offers virgin and recycled fiber replace fossil-based materials with low-carbon, renewable and recyclable packaging materials for food and beverage, pharmaceutical, and transport packaging.