Outokumpu (OTCMKTS:OUTKY) Shares Gap Up – Here’s What Happened

Outokumpu (OTCMKTS:OUTKY) gapped up before the market opened on Monday . The stock had previously closed at $2.8444, but opened at $3.41. Outokumpu shares last traded at $3.41, with a volume of 719 shares traded.

Wall Street Analysts Forecast Growth

OUTKY has been the topic of a number of research reports. Oddo Bhf upgraded Outokumpu to an “outperform” rating in a research report on Tuesday, May 26th. Citigroup reiterated a “neutral” rating on shares of Outokumpu in a research report on Wednesday, May 20th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Outokumpu in a report on Wednesday, May 13th. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Outokumpu presently has an average rating of “Hold”.

Outokumpu Price Performance

The stock’s fifty day moving average is $3.20 and its 200 day moving average is $3.06. The company has a market capitalization of $3.23 billion, a P/E ratio of -22.73 and a beta of 0.75. The company has a current ratio of 1.56, a quick ratio of 0.60 and a debt-to-equity ratio of 0.15.

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.