Stora Enso Oyj (OTCMKTS:SEOAY) Sees Strong Trading Volume – Time to Buy?

Stora Enso Oyj (OTCMKTS:SEOAY) shares saw an uptick in trading volume on Wednesday . Approximately 65,919 shares changed hands during mid-day trading, an increase of 68% from the previous session’s volume of 39,301 shares.The stock last traded at $11.83 and had previously closed at $11.96.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. BNP Paribas Exane started coverage on Stora Enso Oyj in a report on Wednesday, June 10th. They set a “neutral” rating on the stock. Citigroup reiterated a “buy” rating on shares of Stora Enso Oyj in a research report on Thursday, July 30th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $10.80.

Stora Enso Oyj Trading Down 2.6%

The company has a market cap of $9.28 billion, a price-to-earnings ratio of 14.01, a price-to-earnings-growth ratio of 13.07 and a beta of 0.63. The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 0.27. The company’s 50-day moving average is $11.21 and its 200 day moving average is $11.50.

Stora Enso Oyj (OTCMKTS:SEOAY) last issued its quarterly earnings data on Thursday, July 23rd. The basic materials company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.13). Stora Enso Oyj had a return on equity of 2.31% and a net margin of 6.20%.The firm had revenue of $2.76 billion during the quarter, compared to analyst estimates of $2.79 billion. Research analysts predict that Stora Enso Oyj will post 0.44 EPS for the current year.

About Stora Enso Oyj

Stora Enso Oyj is a renewable materials company headquartered in Finland and Sweden. The company develops and manufactures products made from wood and other renewable resources, with a focus on replacing fossil-based materials in packaging, construction and other applications.

Its product portfolio includes renewable packaging materials, packaging solutions, biomaterials and engineered wood products. Stora Enso supplies materials for food and beverage packaging, consumer goods, industrial applications and wooden construction, as well as pulp and other components used in a range of fiber-based products.

Stora Enso serves customers in markets around the world, with operations and sales primarily concentrated in Europe and additional activities in the Americas and Asia.