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

Shares of Stora Enso Oyj (OTCMKTS:SEOAY) reached 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 trading hands. The stock had previously closed at $9.78.

Stora Enso Oyj Price Performance

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’s 50 day moving average price is $10.78 and its two-hundred day moving average price is $10.94. The stock has a market cap of $7.44 billion, a price-to-earnings ratio of -59.00 and a beta of 0.86.

Stora Enso Oyj (OTCMKTS:SEOAY) last announced its quarterly earnings results 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 return on equity of 3.97% and a negative net margin of 1.29%. Equities research analysts forecast 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. Investors of record on Monday, March 24th will be given a dividend of $0.1348 per share. This is a boost 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 (DPR) 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.