Stora Enso Oyj (OTCMKTS:SEOAY) Reaches New 1-Year Low – Here’s Why

Posted by Nicole Kennedy on Dec 21st, 2024

Stora Enso Oyj (OTCMKTS:SEOAY – Get Free Report) reached a new 52-week low on Thursday . The stock traded as low as $9.43 and last traded at $9.47, with a volume of 279374 shares traded. The stock had previously closed at $9.72.

Wall Street Analyst Weigh In

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

Check Out Our Latest Stock Report on Stora Enso Oyj

Stora Enso Oyj Trading Up 3.5 %

The company has a debt-to-equity ratio of 0.38, a current ratio of 1.27 and a quick ratio of 0.83. The stock’s 50 day moving average is $10.64 and its 200-day moving average is $12.12. The company has a market capitalization of $7.73 billion, a P/E ratio of -108.88 and a beta of 0.88.

Stora Enso Oyj (OTCMKTS:SEOAY – Get Free Report) last posted its earnings results on Thursday, October 24th. The basic materials company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.04). The firm had revenue of $2.48 billion for the quarter. Stora Enso Oyj had a negative return on equity of 2.72% and a negative net margin of 0.75%. As a group, equities research analysts anticipate that Stora Enso Oyj will post 0.46 earnings per share for the current year.

Stora Enso Oyj Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be issued a $0.1049 dividend. The ex-dividend date of this dividend is Friday, December 13th. Stora Enso Oyj’s dividend payout ratio (DPR) is -111.11%.

About Stora Enso Oyj

(Get Free Report)

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.