Outokumpu (OTCMKTS:OUTKY) Shares Gap Up – Should You Buy?

Outokumpu (OTCMKTS:OUTKY) shares gapped up prior to trading on Monday . The stock had previously closed at $2.65, but opened at $2.99. Outokumpu shares last traded at $2.9603, with a volume of 1,152 shares trading hands.

Analysts Set New Price Targets

A number of research analysts recently weighed in on OUTKY shares. Oddo Bhf raised Outokumpu to an “outperform” rating in a research note on Tuesday, May 26th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Outokumpu in a research note on Wednesday, May 13th. Finally, Citigroup restated a “neutral” rating on shares of Outokumpu in a report on Wednesday, May 20th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold”.

Outokumpu Trading Up 11.7%

The firm has a market capitalization of $2.80 billion, a PE ratio of -19.74 and a beta of 0.75. The firm’s fifty day moving average is $3.25 and its two-hundred day moving average is $2.98. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.56 and a quick ratio of 0.60.

Outokumpu Company Profile

Outokumpu Oyj is a Finland-based global producer of stainless steel products and one of Europe’s leading stainless steel manufacturers. Headquartered in Helsinki, the company traces its roots back to mining operations established in 1910 and has, over decades, transformed into a focused stainless steel specialist. Outokumpu’s core business encompasses the production of high-grade stainless steel in flat and long product forms, serving a broad range of industries including automotive, construction, energy, and consumer goods.

The company’s primary product portfolio includes cold-rolled and hot-rolled coils and sheets, plates, strips, bars and wire, as well as tailor-made and value-added solutions such as precision-cut blanks and welded tubes.