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

Stora Enso Oyj (OTCMKTS:SEOAY)’s stock price hit a new 52-week low during trading on Monday . The stock traded as low as $9.35 and last traded at $9.44, with a volume of 256194 shares. The stock had previously closed at $9.78.

Stora Enso Oyj Price Performance

The business has a 50-day simple moving average of $10.74 and a two-hundred day simple moving average of $10.90. The company has a quick ratio of 0.83, a current ratio of 1.12 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $7.53 billion, a price-to-earnings ratio of -59.69 and a beta of 0.86.

Stora Enso Oyj (OTCMKTS:SEOAY) last announced its quarterly earnings data on Tuesday, February 11th. The basic materials company reported ($0.86) earnings per share for the quarter, missing the consensus estimate of ($0.82) by ($0.04). Stora Enso Oyj had a negative net margin of 1.29% and a negative return on equity of 3.97%. As a group, research analysts predict that Stora Enso Oyj will post 0.67 earnings per share for the current fiscal year.

Stora Enso Oyj Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Monday, March 24th will be paid a $0.1348 dividend. The ex-dividend date of this dividend is Monday, March 24th. This is a boost from Stora Enso Oyj’s previous dividend of $0.10. Stora Enso Oyj’s payout ratio is currently -62.50%.

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.