Outokumpu (OTCMKTS:OUTKY) Receives Average Rating of “Hold” from Analysts

Shares of Outokumpu (OTCMKTS:OUTKY) have been assigned an average rating of “Hold” from the six research firms that are covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company.

Several equities analysts recently commented on OUTKY shares. Oddo Bhf upgraded shares of Outokumpu to an “outperform” rating in a research note on Tuesday, May 26th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Outokumpu in a research report on Wednesday, May 13th. Finally, Citigroup restated a “neutral” rating on shares of Outokumpu in a report on Wednesday, May 20th.

Outokumpu Stock Performance

OUTKY opened at $3.28 on Tuesday. The company has a quick ratio of 0.60, a current ratio of 1.56 and a debt-to-equity ratio of 0.15. The stock’s 50 day moving average price is $3.16 and its two-hundred day moving average price is $3.08. The firm has a market capitalization of $3.10 billion, a P/E ratio of -32.80 and a beta of 0.72. Outokumpu has a 12-month low of $1.89 and a 12-month high of $3.66.

Outokumpu (OTCMKTS:OUTKY) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.02). The business had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.97 billion. Outokumpu had a negative return on equity of 2.39% and a negative net margin of 1.48%. On average, equities analysts forecast that Outokumpu will post 0.14 earnings per share for the current year.

Outokumpu Company Profile

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.