Outokumpu (OTCMKTS:OUTKY – Get Free Report) shot up 6.1% during mid-day trading on Wednesday. The stock traded as high as $3.06 and last traded at $2.9775. 1,163 shares changed hands during mid-day trading, a decline of 57% from the average session volume of 2,723 shares. The stock had previously closed at $2.8050.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on OUTKY shares. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Outokumpu in a research report on Friday, September 4th. Citigroup reissued a “neutral” rating on shares of Outokumpu in a research report on Tuesday, September 15th. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold”.
Check Out Our Latest Stock Analysis on OUTKY
Outokumpu Stock Performance
The stock has a market capitalization of $2.54 billion, a price-to-earnings ratio of -26.90 and a beta of 0.65. The company has a current ratio of 1.53, a quick ratio of 0.60 and a debt-to-equity ratio of 0.15. The firm has a 50-day moving average of $3.09 and a 200-day moving average of $3.12.
Outokumpu (OTCMKTS:OUTKY – Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.02). The firm had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.97 billion. Outokumpu had a negative return on equity of 2.38% and a negative net margin of 1.48%. As a group, sell-side analysts predict that Outokumpu will post 0.12 earnings per share for the current year.
About Outokumpu
Outokumpu Oyj is a Finland-based metals company specializing in stainless steel and related products. Its portfolio includes stainless steel in coils, sheets, plates and long products, as well as specialty grades designed for demanding applications such as corrosion resistance, high temperatures and hygiene. The company also produces ferrochrome, an important raw material used in stainless steel manufacturing.
Outokumpu serves customers across industries including construction, automotive, transportation, energy, food and beverage, and industrial equipment.
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