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

Stora Enso Oyj (OTCMKTS:SEOAY)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $11.6350, but opened at $12.55. Stora Enso Oyj shares last traded at $12.5250, with a volume of 2,515 shares traded.

Analyst Upgrades and Downgrades

Separately, Citigroup restated a “buy” rating on shares of Stora Enso Oyj in a research note on Monday, January 26th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Stora Enso Oyj has an average rating of “Hold” and a consensus target price of $10.80.

Stora Enso Oyj Trading Up 8.0%

The stock has a market cap of $9.91 billion, a P/E ratio of 1,257.26 and a beta of 0.70. The company has a quick ratio of 0.80, a current ratio of 1.23 and a debt-to-equity ratio of 0.35. The business’s 50 day simple moving average is $12.20 and its two-hundred day simple moving average is $11.57.

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.