Outokumpu (OTCMKTS:OUTKY) Sets New 1-Year High – Here’s What Happened
by Danessa Lincoln · The Markets DailyOutokumpu (OTCMKTS:OUTKY – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $3.0450 and last traded at $3.0450, with a volume of 300 shares. The stock had previously closed at $2.95.
Analyst Upgrades and Downgrades
OUTKY has been the subject of several recent analyst reports. Jefferies Financial Group lowered Outokumpu from a “buy” rating to a “hold” rating in a research note on Friday, January 16th. Deutsche Bank Aktiengesellschaft cut Outokumpu from a “buy” rating to a “hold” rating in a research note on Wednesday, October 29th. Zacks Research raised Outokumpu from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 1st. Finally, Citigroup restated a “neutral” rating on shares of Outokumpu in a research report on Thursday, January 22nd. One equities research analyst has 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 MarketBeat, the stock presently has an average rating of “Hold”.
View Our Latest Stock Analysis on Outokumpu
Outokumpu Stock Up 6.0%
The business has a 50-day simple moving average of $2.68 and a 200-day simple moving average of $2.35. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.61 and a current ratio of 1.76. The company has a market cap of $2.94 billion, a price-to-earnings ratio of -19.44 and a beta of 0.59.
Outokumpu (OTCMKTS:OUTKY – Get Free Report) last issued its earnings results on Thursday, February 12th. The company reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.05. Outokumpu had a negative net margin of 2.55% and a negative return on equity of 3.97%. The firm had revenue of $1.35 billion for the quarter. On average, equities analysts anticipate that Outokumpu will post 0.07 earnings per share for the current fiscal year.
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.