Zacks Investment Research downgraded shares of Outokumpu (OTCMKTS:OUTKY) from a hold rating to a sell rating in a report issued on Wednesday, May 2nd.
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. “
Separately, JPMorgan Chase lowered Outokumpu from an overweight rating to a neutral rating in a research note on Monday, April 30th.
Shares of Outokumpu opened at $3.36 on Wednesday, according to MarketBeat.com. Outokumpu has a 52-week low of $3.35 and a 52-week high of $5.38. The company has a current ratio of 1.08, a quick ratio of 0.48 and a debt-to-equity ratio of 0.26.
Outokumpu Oyj produces and sells various stainless steel products in Finland, Germany, Sweden, the United Kingdom, other European countries, Asia and Oceania, and internationally. The company provides stainless steel bars, coils and sheets, steel precision strips, rebars, and wire rods; and semi-finished products, such as cast billets and blooms, cast slabs, stainless steel ingots, and rolled and forged billets, as well as pipes.
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