OUTOKUMPU OYJ/ADR (OTCMKTS:OUTKY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday, Zacks.com reports.
According to Zacks, “Outokumpu Oyj is engages in the manufacturing of stainless steel. Its business area consists of Stainless Coil EMEA, Stainless Coil Americas, Stainless APAC and High Performance Stainless and Alloy. The company operates primarily in Europe, Middle East and Africa, Americas and Asia-Pacific. Outokumpu Oyj is headquartered in Espoo, Finland. “
A number of other analysts have also weighed in on the stock. ValuEngine raised shares of OUTOKUMPU OYJ/ADR from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Goldman Sachs Group raised shares of OUTOKUMPU OYJ/ADR from a “neutral” rating to a “buy” rating in a research note on Wednesday, June 12th.
OUTOKUMPU OYJ/ADR (OTCMKTS:OUTKY) last posted its earnings results on Thursday, August 1st. The company reported $0.01 earnings per share (EPS) for the quarter. The firm had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.83 billion. OUTOKUMPU OYJ/ADR had a net margin of 0.35% and a return on equity of 0.87%. Research analysts expect that OUTOKUMPU OYJ/ADR will post -0.04 earnings per share for the current year.
About OUTOKUMPU OYJ/ADR
Outokumpu Oyj produces and sells various stainless steel products in Finland, Germany, Sweden, the United Kingdom, other European countries, Asia and Oceania, and internationally. It offers cold rolled coils, strips, and sheets; precision strips; hot rolled coils, strips, and plates; quarto plates; semi-finished stainless steel long products; stainless steel bars, rebars, wires, and wire rods; welded stainless steel I-beams, H-beams, hollow-section tubes, and bent profiles for load-bearing structures; blancs and discs; suction roll shell blanks; and customized press plates and ready-to-use plates.
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