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

Outokumpu (OTCMKTS:OUTKY) has been given a consensus recommendation of “Hold” by the six research firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company.

OUTKY has been the subject of a number of analyst reports. Danske raised Outokumpu to a “buy” rating in a report on Friday, October 3rd. Citigroup restated a “neutral” rating on shares of Outokumpu in a research note on Thursday. Jefferies Financial Group lowered Outokumpu from a “buy” rating to a “hold” rating in a report on Friday, January 16th. Zacks Research raised shares of Outokumpu from a “strong sell” rating to a “hold” rating in a report on Thursday, January 1st. Finally, Deutsche Bank Aktiengesellschaft cut shares of Outokumpu from a “buy” rating to a “hold” rating in a research note on Wednesday, October 29th.

Outokumpu Stock Performance

OTCMKTS OUTKY opened at $2.76 on Friday. The company’s 50 day moving average is $2.48 and its 200-day moving average is $2.22. Outokumpu has a 12-month low of $1.46 and a 12-month high of $2.76. The company has a quick ratio of 0.61, a current ratio of 1.76 and a debt-to-equity ratio of 0.15. The firm has a market cap of $2.61 billion, a P/E ratio of -23.00 and a beta of 0.56.

Outokumpu (OTCMKTS:OUTKY) last released its quarterly earnings data on Wednesday, October 29th. The company reported ($0.04) EPS for the quarter. Outokumpu had a negative return on equity of 2.90% and a negative net margin of 1.83%.The business had revenue of $1.52 billion during the quarter. Sell-side analysts predict that Outokumpu will post 0.07 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.