Outokumpu (OTCMKTS:OUTKY) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Outokumpu (OTCMKTS:OUTKY) have earned an average recommendation of “Hold” from the six ratings firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating on the company.

A number of analysts have recently issued reports on the company. Citigroup reaffirmed a “neutral” rating on shares of Outokumpu in a research note on Thursday, January 22nd. Zacks Research raised Outokumpu from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 1st. Finally, Jefferies Financial Group lowered Outokumpu from a “buy” rating to a “hold” rating in a report on Friday, January 16th.

Outokumpu Stock Performance

OTCMKTS:OUTKY opened at $2.69 on Wednesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.58 and a current ratio of 1.63. The stock has a market capitalization of $2.54 billion, a PE ratio of -16.81 and a beta of 0.62. Outokumpu has a fifty-two week low of $1.63 and a fifty-two week high of $3.35. The company has a fifty day moving average of $2.97 and a two-hundred day moving average of $2.59.

Outokumpu (OTCMKTS:OUTKY) last announced its earnings results on Thursday, February 12th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.05. Outokumpu had a negative net margin of 2.55% and a negative return on equity of 4.00%. The business had revenue of $1.35 billion for the quarter. As a group, research analysts forecast that Outokumpu will post 0.07 earnings per share for the current fiscal year.

About Outokumpu

Outokumpu Oyj is a Finland-based global producer of stainless steel products and one of Europe’s leading stainless steel manufacturers. Headquartered in Helsinki, the company traces its roots back to mining operations established in 1910 and has, over decades, transformed into a focused stainless steel specialist. Outokumpu’s core business encompasses the production of high-grade stainless steel in flat and long product forms, serving a broad range of industries including automotive, construction, energy, and consumer goods.

The company’s primary product portfolio includes cold-rolled and hot-rolled coils and sheets, plates, strips, bars and wire, as well as tailor-made and value-added solutions such as precision-cut blanks and welded tubes.