Shares of Outokumpu (OTCMKTS:OUTKY – Get Free Report) gapped up prior to trading on Monday. The stock had previously closed at $2.45, but opened at $2.63. Outokumpu shares last traded at $2.63, with a volume of 3,202 shares trading hands.
Analysts Set New Price Targets
A number of analysts have recently commented on the company. Citigroup restated a “neutral” rating on shares of Outokumpu in a research note on Tuesday, September 15th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Outokumpu in a research note on Friday, September 4th. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.
Check Out Our Latest Stock Report on Outokumpu
Outokumpu Stock Performance
The stock has a 50-day moving average of $2.92 and a 200 day moving average of $3.05. The stock has a market cap of $2.40 billion, a PE ratio of -25.38 and a beta of 0.67. The company has a quick ratio of 0.60, a current ratio of 1.53 and a debt-to-equity ratio of 0.15.
About Outokumpu
Outokumpu Oyj is a Finland-based stainless steel manufacturer serving customers across Europe, the Americas and other international markets. The company produces stainless steel for applications in industries including construction, automotive, transportation, energy, food processing and industrial equipment.
Its product portfolio includes stainless steel coils, sheets, plates, strips and long products, along with specialized grades designed for demanding environments. Outokumpu also produces ferrochrome, an important raw material used in stainless steel manufacturing, and provides related technical, processing and customer support services.
Outokumpu traces its origins to 1910, when copper ore was discovered in Outokumpu, Finland.
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