Stora Enso Oyj (OTCMKTS:SEOAY) Share Price Crosses Below 50-Day Moving Average – Here’s Why

Stora Enso Oyj (OTCMKTS:SEOAY) shares passed 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 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 cap of $8.49 billion, a PE ratio of -67.25 and a beta of 0.86. The business has a 50 day moving average price of $10.80 and a 200 day moving average price of $11.12.

Stora Enso Oyj (OTCMKTS:SEOAY) last issued its quarterly earnings data on Tuesday, February 11th. The basic materials company reported ($0.86) EPS 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%. Equities research analysts expect that Stora Enso Oyj will post 0.67 EPS 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. Shareholders of record on Monday, March 24th will be issued a $0.1348 dividend. This is a positive change 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 presently -68.75%.

Stora Enso Oyj Company Profile

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.