Zacks Investment Research cut shares of Stora Enso OYJ (NASDAQ:SEOAY) from a hold rating to a sell rating in a report released on Tuesday.

According to Zacks, “Stora Enso is an integrated forest products company producing magazine papers, newsprint, fine papers and packaging boards, areas in which the Group is a global market leader. Stora Enso also conducts extensive sawmilling operations. To strengthen its market position and better serve customers in the United States, the company acquired the U.S.-based, Consolidated Papers, Inc. in 2000. “

Stora Enso OYJ (NASDAQ:SEOAY) opened at 8.9399 on Tuesday. The stock has a market cap of $7.05 billion and a PE ratio of 8.0178. The firm’s 50-day moving average price is $8.98 and its 200-day moving average price is $8.62. Stora Enso OYJ has a 52 week low of $7.40 and a 52 week high of $10.12.

Stora Enso OYJ Company Profile

5 Day Chart for NASDAQ:SEOAY

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