Outokumpu (OTCMKTS:OUTKY – Get Free Report) will likely be releasing its resultson Thursday, July 30th. Analysts expect Outokumpu to announce earnings of $0.05 per share and revenue of $1.6185 billion for the quarter.
Outokumpu Price Performance
Shares of OUTKY opened at $3.10 on Monday. The firm has a market cap of $2.93 billion, a P/E ratio of -20.67 and a beta of 0.75. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.60 and a current ratio of 1.56. Outokumpu has a 52 week low of $1.89 and a 52 week high of $3.66. The firm’s 50-day simple moving average is $3.19 and its 200 day simple moving average is $3.05.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on the company. Oddo Bhf upgraded Outokumpu to an “outperform” rating in a report on Tuesday, May 26th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Outokumpu in a research report on Wednesday, May 13th. Finally, Citigroup reiterated a “neutral” rating on shares of Outokumpu in a research note on Wednesday, May 20th. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold”.
About Outokumpu
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.
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