Stora Enso Oyj (OTCMKTS:SEOAY) Shares Gap Down – Should You Sell?

Shares of Stora Enso Oyj (OTCMKTS:SEOAY) gapped down before the market opened on Thursday . The stock had previously closed at $11.48, but opened at $10.8550. Stora Enso Oyj shares last traded at $10.86, with a volume of 3,902 shares traded.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on SEOAY shares. The Goldman Sachs Group upgraded Stora Enso Oyj to a “strong sell” rating in a research note on Tuesday, March 24th. BNP Paribas Exane began coverage on Stora Enso Oyj in a research report on Wednesday, June 10th. They set a “neutral” rating on the stock. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $10.80.

Stora Enso Oyj Stock Performance

The company has a market cap of $8.70 billion, a price-to-earnings ratio of 12.12 and a beta of 0.63. The firm has a 50-day simple moving average of $11.51 and a 200 day simple moving average of $12.08. The company has a quick ratio of 0.57, a current ratio of 1.07 and a debt-to-equity ratio of 0.32.

Stora Enso Oyj (OTCMKTS:SEOAY) last released its quarterly earnings results on Thursday, May 7th. The basic materials company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.05). The firm had revenue of $2.78 billion for the quarter, compared to analyst estimates of $2.69 billion. Stora Enso Oyj had a return on equity of 2.58% and a net margin of 6.63%. On average, sell-side analysts predict that Stora Enso Oyj will post 0.64 earnings per share for the current fiscal year.

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.