Outokumpu (OTCMKTS:OUTKY) Hits New 52-Week High – Should You Buy?

Outokumpu (OTCMKTS:OUTKY)’s stock price reached a new 52-week high on Wednesday . The company traded as high as $3.50 and last traded at $3.4904, with a volume of 1724 shares changing hands. The stock had previously closed at $3.16.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Oddo Bhf raised Outokumpu to an “outperform” rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Outokumpu in a report on Wednesday, May 13th. Finally, Citigroup reissued a “neutral” rating on shares of Outokumpu in a report on Wednesday, May 20th. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

Outokumpu Trading Up 10.5%

The business has a fifty day simple moving average of $3.05 and a 200-day simple moving average of $2.80. 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 firm has a market cap of $3.30 billion, a price-to-earnings ratio of -23.27 and a beta of 0.68.

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.