Stora Enso Oyj (OTCMKTS:SEOAY) Hits New 52-Week Low – What’s Next?

Stora Enso Oyj (OTCMKTS:SEOAY)’s stock price hit a new 52-week low during trading on Wednesday . The stock traded as low as $11.35 and last traded at $11.50, with a volume of 44601 shares trading hands. The stock had previously closed at $11.66.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SEOAY. Citigroup upgraded Stora Enso Oyj from a “neutral” rating to a “buy” rating in a research report on Monday, July 1st. BNP Paribas raised Stora Enso Oyj to a “hold” rating in a research note on Tuesday, October 15th. Finally, Barclays raised Stora Enso Oyj from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, October 7th.

Stora Enso Oyj Stock Performance

The stock has a market cap of $9.07 billion, a price-to-earnings ratio of -46.64, a PEG ratio of 0.39 and a beta of 0.91. The company’s 50 day simple moving average is $12.50 and its 200 day simple moving average is $13.21. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.14 and a current ratio of 1.54.

Stora Enso Oyj (OTCMKTS:SEOAY) last posted its quarterly earnings data on Wednesday, July 24th. The basic materials company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. The business had revenue of $2.48 billion for the quarter. Stora Enso Oyj had a negative net margin of 2.17% and a negative return on equity of 3.76%. On average, equities research analysts anticipate that Stora Enso Oyj will post 0.6 earnings per share for the current year.

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.