Stora Enso Oyj (OTCMKTS:SEOAY) Shares Cross Below 50-Day Moving Average – Time to Sell?

Shares of Stora Enso Oyj (OTCMKTS:SEOAY) crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $10.80 and traded as low as $10.67. Stora Enso Oyj shares last traded at $10.76, with a volume of 35,798 shares.

Stora Enso Oyj Stock Up 2.5 %

The business has a 50-day moving average price of $10.80 and a 200 day moving average price of $11.11. The stock has a market capitalization of $8.49 billion, a P/E ratio of -67.25 and a beta of 0.86. The company has a current ratio of 1.12, a quick ratio of 0.83 and a debt-to-equity ratio of 0.39.

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 (EPS) for the quarter, missing the consensus estimate of ($0.82) by ($0.04). Stora Enso Oyj had a negative return on equity of 3.97% and a negative net margin of 1.29%. On average, equities analysts expect that Stora Enso Oyj will post 0.67 EPS for the current fiscal year.

Stora Enso Oyj Increases Dividend

The business also recently declared a dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Monday, March 24th will be issued a dividend of $0.1348 per share. This is an increase from Stora Enso Oyj’s previous dividend of $0.10. The ex-dividend date of this dividend is Monday, March 24th. Stora Enso Oyj’s dividend payout ratio is -68.75%.

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.