Stora Enso Oyj (OTCMKTS:SEOAY – Get Rating) saw a significant growth in short interest during the month of May. As of May 15th, there was short interest totalling 12,900 shares, a growth of 514.3% from the April 30th total of 2,100 shares. Based on an average trading volume of 76,400 shares, the days-to-cover ratio is currently 0.2 days.
Stora Enso Oyj Trading Up 1.8 %
Shares of OTCMKTS SEOAY traded up $0.23 during trading hours on Friday, reaching $13.02. The stock had a trading volume of 37,648 shares, compared to its average volume of 30,912. The company has a current ratio of 1.49, a quick ratio of 1.01 and a debt-to-equity ratio of 0.24. The firm has a market cap of $10.27 billion, a price-to-earnings ratio of 6.89, a P/E/G ratio of 6.19 and a beta of 1.14. The business’s fifty day moving average price is $12.74 and its two-hundred day moving average price is $13.91. Stora Enso Oyj has a 52-week low of $11.91 and a 52-week high of $20.18.
Stora Enso Oyj (OTCMKTS:SEOAY – Get Rating) last posted its earnings results on Tuesday, April 25th. The basic materials company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.03). The company had revenue of $2.92 billion for the quarter, compared to analysts’ expectations of $2.97 billion. Stora Enso Oyj had a return on equity of 9.59% and a net margin of 12.36%. Analysts expect that Stora Enso Oyj will post 0.76 EPS for the current fiscal year.
Stora Enso Oyj Increases Dividend
Wall Street Analysts Forecast Growth
Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. raised Stora Enso Oyj from a “neutral” rating to an “overweight” rating in a research note on Tuesday, May 2nd. Bank of America upgraded Stora Enso Oyj from an “underperform” rating to a “buy” rating in a research report on Thursday, March 23rd. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Stora Enso Oyj currently has a consensus rating of “Moderate Buy” and an average target price of $15.83.
Stora Enso Oyj Company Profile
Stora Enso Oyj engages in the manufacturing and marketing of newsprint, book paper, magazine paper, fine paper, consumer board, industrial packaging, and wood products. It operates through the following divisions: Packaging Solutions, Biomaterials, Wood Products, Forest, Paper, and Other. The Packaging Solutions division develops fibre-based packaging, and operates at every stage of the value chain from pulp production, material and packaging production to recycling.
- Get a free copy of the StockNews.com research report on Stora Enso Oyj (SEOAY)
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