Outokumpu (OTCMKTS:OUTKY) Shares Gap Down – Should You Sell?

Outokumpu (OTCMKTS:OUTKY)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $3.4466, but opened at $3.1668. Outokumpu shares last traded at $3.1668, with a volume of 292 shares traded.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Citigroup reissued a “neutral” rating on shares of Outokumpu in a report on Friday, April 17th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Outokumpu in a research report on Wednesday. Finally, Jefferies Financial Group lowered Outokumpu from a “buy” rating to a “hold” rating in a report on Friday, January 16th. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Outokumpu has an average rating of “Hold”.

Outokumpu Price Performance

The company has a 50 day simple moving average of $3.05 and a 200-day simple moving average of $2.74. The stock has a market cap of $3.00 billion, a price-to-earnings ratio of -19.79 and a beta of 0.68. The company has a quick ratio of 0.58, a current ratio of 1.63 and a debt-to-equity ratio of 0.15.

Outokumpu (OTCMKTS:OUTKY) last announced its quarterly earnings data 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 return on equity of 4.00% and a negative net margin of 2.55%.The firm had revenue of $1.35 billion for the quarter. As a group, research analysts anticipate that Outokumpu will post 0.05 EPS 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.