Outokumpu (OTCMKTS:OUTKY) Shares Gap Down – Time to Sell?
by Sarita Garza · The Markets DailyShares of Outokumpu (OTCMKTS:OUTKY – Get Free Report) gapped down before the market opened on Wednesday. The stock had previously closed at $3.30, but opened at $3.1833. Outokumpu shares last traded at $3.1833, with a volume of 1,030 shares changing hands.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on the stock. Citigroup restated a “neutral” rating on shares of Outokumpu in a research report on Tuesday, September 15th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Outokumpu in a research note on Friday, September 4th. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.
Read Our Latest Stock Report on Outokumpu
Outokumpu Price Performance
The stock has a market cap of $3.01 billion, a price-to-earnings ratio of -31.83 and a beta of 0.72. The company has a current ratio of 1.53, a quick ratio of 0.60 and a debt-to-equity ratio of 0.15. The company’s fifty day moving average is $3.16 and its two-hundred day moving average is $3.13.
Outokumpu (OTCMKTS:OUTKY – Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.02). The firm had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.97 billion. Outokumpu had a negative net margin of 1.48% and a negative return on equity of 2.38%. As a group, research analysts predict that Outokumpu will post 0.12 earnings per share for the current year.
About Outokumpu
Outokumpu Oyj is a Finland-based global producer of stainless steel. The company manufactures stainless steel products for industries including construction, automotive, transportation, energy, food and beverage, and industrial equipment. Its product portfolio includes stainless steel coils, sheets, plates, precision strip, long products and other customized materials.
Outokumpu also produces ferrochrome, an important raw material used in stainless steel manufacturing. The company emphasizes high-performance and low-emission stainless steel solutions, including products made with recycled materials and its lower-carbon Circle Green offering.
With roots in Finnish mining and metals operations dating to the early 20th century, Outokumpu has developed into an international metals group serving customers across Europe, the Americas and other global markets.