Stora Enso Oyj (OTCMKTS:SEOAY) Sets New 52-Week High – Should You Buy?

Stora Enso Oyj (OTCMKTS:SEOAY) hit a new 52-week high during trading on Monday . The company traded as high as $12.96 and last traded at $12.96, with a volume of 478 shares changing hands. The stock had previously closed at $12.7240.

Analyst Ratings Changes

Separately, Citigroup reissued a “buy” rating on shares of Stora Enso Oyj in a research report on Monday, January 26th. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $10.80.

Stora Enso Oyj Stock Up 3.5%

The firm has a market cap of $10.67 billion, a price-to-earnings ratio of 13.40 and a beta of 0.70. The business’s 50 day moving average price is $12.32 and its 200 day moving average price is $11.64. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 1.23.

Stora Enso Oyj (OTCMKTS:SEOAY) last posted its earnings results on Wednesday, February 4th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.07). Stora Enso Oyj had a net margin of 7.58% and a return on equity of 3.22%. The firm had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.26 billion. On average, equities analysts forecast that Stora Enso Oyj will post 0.67 EPS for the current year.

About Stora Enso Oyj

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.