OUTOKUMPU OYJ/ADR (OTCMKTS:OUTKY) Lowered to “Sell” at Zacks Investment Research

Zacks Investment Research cut shares of OUTOKUMPU OYJ/ADR (OTCMKTS:OUTKY) from a hold rating to a sell rating in a report released on Friday morning, 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. “

Separately, Goldman Sachs Group began coverage on Taylor Wimpey in a research note on Wednesday, June 12th. They set a buy rating for the company.

OTCMKTS:OUTKY opened at $1.39 on Friday. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of 7.32 and a beta of 0.70. OUTOKUMPU OYJ/ADR has a fifty-two week low of $1.39 and a fifty-two week high of $3.43. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.38 and a current ratio of 0.98. The company’s 50 day moving average is $1.43.

OUTOKUMPU OYJ/ADR (OTCMKTS:OUTKY) last released its quarterly earnings data on Tuesday, May 7th. The company reported ($0.05) earnings per share for the quarter. The company had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.80 billion. OUTOKUMPU OYJ/ADR had a net margin of 0.62% and a return on equity of 1.59%. As a group, equities research analysts forecast that OUTOKUMPU OYJ/ADR will post 0.03 EPS for the current fiscal year.

OUTOKUMPU OYJ/ADR Company Profile

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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