Stora Enso Oyj (OTCMKTS:SEOAY) Sets New 52-Week Low – Time to Sell?

Stora Enso Oyj (OTCMKTS:SEOAY) reached a new 52-week low on Tuesday . The stock traded as low as $10.27 and last traded at $10.35, with a volume of 183850 shares traded. The stock had previously closed at $10.72.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on SEOAY shares. Barclays upgraded Stora Enso Oyj from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, October 7th. BNP Paribas raised shares of Stora Enso Oyj to a “hold” rating in a research note on Tuesday, October 15th.

Stora Enso Oyj Price Performance

The company has a debt-to-equity ratio of 0.40, a current ratio of 1.54 and a quick ratio of 1.14. The company’s 50 day simple moving average is $12.00 and its 200 day simple moving average is $12.93. The stock has a market cap of $8.24 billion, a P/E ratio of -116.10 and a beta of 0.92.

Stora Enso Oyj (OTCMKTS:SEOAY) last issued its quarterly earnings results on Thursday, October 24th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.04). The company had revenue of $2.48 billion for the quarter. Stora Enso Oyj had a negative return on equity of 2.71% and a negative net margin of 0.75%. As a group, equities analysts forecast that Stora Enso Oyj will post 0.46 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.