Stora Enso Oyj (OTCMKTS:SEOAY) Shares Down 0.3% – Should You Sell?

Stora Enso Oyj (OTCMKTS:SEOAY) was down 0.3% on Monday . The stock traded as low as $11.89 and last traded at $11.92. Approximately 29,408 shares were traded during trading, a decline of 19% from the average daily volume of 36,371 shares. The stock had previously closed at $11.96.

Analysts Set New Price Targets

SEOAY has been the subject of several research analyst reports. BNP Paribas raised Stora Enso Oyj from a “strong sell” rating to a “hold” rating and set a $10.80 price objective for the company in a report on Monday, September 29th. Berenberg Bank raised shares of Stora Enso Oyj to a “hold” rating in a research report on Friday, August 29th. Three equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Stora Enso Oyj has a consensus rating of “Reduce” and a consensus target price of $10.80.

Stora Enso Oyj Stock Performance

The company has a current ratio of 1.23, a quick ratio of 0.80 and a debt-to-equity ratio of 0.35. The company has a market cap of $9.40 billion, a P/E ratio of 1,193.19 and a beta of 0.74. The business’s 50 day simple moving average is $11.33 and its 200 day simple moving average is $11.11.

Stora Enso Oyj (OTCMKTS:SEOAY) last posted its quarterly earnings results on Thursday, October 23rd. The basic materials company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.22. The business had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.34 billion. Stora Enso Oyj had a net margin of 0.14% and a negative return on equity of 2.55%. Sell-side analysts predict that Stora Enso Oyj will post 0.67 earnings per share for the current fiscal year.

Stora Enso Oyj Dividend Announcement

The firm also recently declared a dividend, which was paid on Thursday, October 9th. Shareholders of record on Friday, September 26th were paid a $0.0883 dividend. This represents a yield of 79.0%. The ex-dividend date was Thursday, September 25th. Stora Enso Oyj’s dividend payout ratio is presently 1,200.00%.

About Stora Enso Oyj

Stora Enso Oyj provides renewable solutions for the packaging, biomaterials, wooden constructions, and paper industries in Finland and internationally. It operates through Packaging Materials, Packaging Solutions, Biomaterials, Wood Products, Forest, Paper, and Other segments. The company's Packaging Materials segment offers virgin and recycled fiber replace fossil-based materials with low-carbon, renewable and recyclable packaging materials for food and beverage, pharmaceutical, and transport packaging.