Outokumpu (OTCMKTS:OUTKY) Receives Average Recommendation of “Reduce” from Brokerages

Outokumpu (OTCMKTS:OUTKY) has been given an average recommendation of “Reduce” by the six brokerages that are currently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company.

Several analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft downgraded shares of Outokumpu from a “buy” rating to a “hold” rating in a research note on Wednesday, October 29th. Zacks Research lowered Outokumpu from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 13th. Citigroup reissued a “neutral” rating on shares of Outokumpu in a research report on Friday. Finally, Danske upgraded Outokumpu to a “buy” rating in a report on Friday, October 3rd.

Outokumpu Stock Performance

OTCMKTS OUTKY opened at $2.37 on Wednesday. The stock has a market cap of $2.24 billion, a PE ratio of -19.75 and a beta of 0.62. Outokumpu has a 12 month low of $1.37 and a 12 month high of $2.41. The company’s 50-day moving average price is $2.30 and its 200-day moving average price is $2.09. The company has a current ratio of 1.76, a quick ratio of 0.61 and a debt-to-equity ratio of 0.15.

Outokumpu (OTCMKTS:OUTKY) last announced its quarterly earnings data on Wednesday, October 29th. The company reported ($0.04) earnings per share for the quarter. The company had revenue of $1.52 billion for the quarter. Outokumpu had a negative net margin of 1.83% and a negative return on equity of 2.90%. Equities research analysts forecast that Outokumpu will post 0.07 earnings per share for the current year.

Outokumpu Announces Dividend

The firm also recently declared a dividend, which was paid on Thursday, November 6th. Stockholders of record on Thursday, October 16th were issued a $0.0343 dividend. The ex-dividend date was Wednesday, October 15th. This represents a dividend yield of 297.0%. Outokumpu’s payout ratio is currently -41.67%.

Outokumpu Company Profile

Outokumpu Oyj produces and sells various stainless steel products in Finland, other European countries, North America, the Asia-Pacific, and internationally. The company operates through three segments: Europe, Americas, and Ferrochrome. It offers cold rolled coils, strips, and sheets; hot rolled coils, strips, and plates; quarto plates; precision strips; and specialized components, such as welded stainless-steel I-beams, H-beams, hollow-section tubes, bent profiles, structural sections, hardened and customized press plates, suction roll shells, and blancs and disks.