Stora Enso Oyj (OTCMKTS:SEOAY) Reaches New 52-Week Low – Here’s What Happened

Stora Enso Oyj (OTCMKTS:SEOAY) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $11.00 and last traded at $11.11, with a volume of 91633 shares trading hands. The stock had previously closed at $11.21.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Barclays upgraded Stora Enso Oyj from a “strong sell” rating to a “strong-buy” rating in a report on Monday, October 7th. BNP Paribas raised Stora Enso Oyj to a “hold” rating in a research report on Tuesday, October 15th.

Stora Enso Oyj Stock Performance

The stock has a market cap of $8.76 billion, a price-to-earnings ratio of -123.43 and a beta of 0.92. The company has a current ratio of 1.54, a quick ratio of 1.14 and a debt-to-equity ratio of 0.40. The stock’s 50-day moving average is $12.20 and its 200-day moving average is $13.03.

Stora Enso Oyj (OTCMKTS:SEOAY) last released its quarterly earnings data on Thursday, October 24th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.04). The business had revenue of $2.48 billion during the quarter. Stora Enso Oyj had a negative return on equity of 2.71% and a negative net margin of 0.75%. On average, analysts expect that Stora Enso Oyj will post 0.46 EPS 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.