Zacks Investment Research Lowers OUTOKUMPU OYJ/ADR (OTCMKTS:OUTKY) to Sell

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OUTOKUMPU OYJ/ADR (OTCMKTS:OUTKY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released 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. “

Other analysts have also recently issued reports about the stock. Goldman Sachs Group upgraded shares of OUTOKUMPU OYJ/ADR from a “neutral” rating to a “buy” rating in a research note on Wednesday, June 12th. ValuEngine upgraded shares of OUTOKUMPU OYJ/ADR from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st.

OUTKY stock opened at $1.46 on Tuesday. The firm has a 50 day moving average of $1.36 and a 200 day moving average of $1.66. The stock has a market capitalization of $1.22 billion, a PE ratio of 7.68 and a beta of 0.77. The company has a quick ratio of 0.40, a current ratio of 1.00 and a debt-to-equity ratio of 0.27. OUTOKUMPU OYJ/ADR has a 52 week low of $1.31 and a 52 week high of $2.85.

OUTOKUMPU OYJ/ADR (OTCMKTS:OUTKY) last released its earnings results on Thursday, August 1st. The company reported $0.01 EPS for the quarter. The company had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.83 billion. OUTOKUMPU OYJ/ADR had a net margin of 0.35% and a return on equity of 0.87%. On average, equities 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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