Stora Enso Oyj (OTCMKTS:SEOAY) Shares Cross Below 50-Day Moving Average – Time to Sell?

Shares of Stora Enso Oyj (OTCMKTS:SEOAY) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $11.65 and traded as low as $11.22. Stora Enso Oyj shares last traded at $11.34, with a volume of 27,272 shares traded.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Citigroup reissued a “buy” rating on shares of Stora Enso Oyj in a research note on Monday, January 26th. The Goldman Sachs Group raised shares of Stora Enso Oyj to a “strong sell” rating in a research note on Tuesday, March 24th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $10.80.

Stora Enso Oyj Stock Up 0.7%

The stock has a market cap of $8.94 billion, a PE ratio of 12.46 and a beta of 0.63. The company has a current ratio of 1.21, a quick ratio of 0.66 and a debt-to-equity ratio of 0.33. The business has a 50-day moving average price of $11.65 and a 200-day moving average price of $12.12.

Stora Enso Oyj (OTCMKTS:SEOAY) last announced its earnings results on Thursday, May 7th. The basic materials company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.05). Stora Enso Oyj had a net margin of 6.63% and a return on equity of 2.59%. The business had revenue of $2.78 billion for the quarter, compared to analysts’ expectations of $2.69 billion. As a group, analysts forecast that Stora Enso Oyj will post 0.64 earnings per share 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.