Stora Enso Oyj (OTCMKTS:SEOAY) Hits New 12-Month Low – Here’s Why

Stora Enso Oyj (OTCMKTS:SEOAY) hit a new 52-week low on Thursday . The company 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.

Analyst Ratings Changes

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

Stora Enso Oyj Trading Down 2.6 %

The stock has a market cap of $7.47 billion, a price-to-earnings ratio of -105.21 and a beta of 0.88. 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 company’s fifty day moving average price is $10.78 and its 200-day moving average price is $12.18.

Stora Enso Oyj (OTCMKTS:SEOAY) last posted its quarterly earnings data on Thursday, October 24th. The basic materials company reported $0.11 EPS for the quarter, missing the consensus estimate 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 2.72% and a negative net margin of 0.75%. On average, research analysts expect that Stora Enso Oyj will post 0.46 EPS for the current fiscal year.

Stora Enso Oyj Cuts Dividend

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

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.