Outokumpu (OTCMKTS:OUTKY) Shares Gap Up – Still a Buy?

by · The Markets Daily

Outokumpu (OTCMKTS:OUTKY – Get Free Report) shares 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 changing hands.

Wall Street Analyst Weigh In

A number of research analysts recently commented on OUTKY shares. Citigroup reiterated a “neutral” rating on shares of Outokumpu in a research note on Tuesday, September 15th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Outokumpu in a research report on Friday, September 4th. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

View Our Latest Report on OUTKY

Outokumpu Stock Up 7.3%

The company has a market capitalization of $2.49 billion, a price-to-earnings ratio of -26.30 and a beta of 0.65. The company has a quick ratio of 0.60, a current ratio of 1.53 and a debt-to-equity ratio of 0.15. The business has a 50-day moving average price of $2.94 and a 200-day moving average price of $3.05.

Outokumpu (OTCMKTS:OUTKY – Get Free Report) last released its earnings results on Thursday, July 30th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.02). Outokumpu had a negative return on equity of 2.38% and a negative net margin of 1.48%. The firm had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.97 billion. As a group, equities analysts anticipate that Outokumpu will post 0.10 earnings per share for the current fiscal year.

About Outokumpu

(Get Free Report)

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.

Further Reading