Outokumpu (OTCMKTS:OUTKY) Shares Gap Down – Time to Sell?

Outokumpu (OTCMKTS:OUTKY)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $2.25, but opened at $1.90. Outokumpu shares last traded at $1.90, with a volume of 199 shares changing hands.

Analyst Ratings Changes

Several analysts have recently commented on OUTKY shares. Barclays cut shares of Outokumpu from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 16th. Deutsche Bank Aktiengesellschaft lowered shares of Outokumpu from a “buy” rating to a “hold” rating in a report on Wednesday, October 29th. Citigroup reiterated a “neutral” rating on shares of Outokumpu in a research note on Wednesday, July 16th. Finally, Danske raised shares of Outokumpu to a “buy” rating in a research report on Friday, October 3rd. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce”.

Outokumpu Stock Down 13.3%

The company has a current ratio of 1.76, a quick ratio of 0.63 and a debt-to-equity ratio of 0.15. The firm’s 50 day simple moving average is $2.17 and its two-hundred day simple moving average is $2.00. The firm has a market cap of $1.97 billion, a price-to-earnings ratio of -17.33 and a beta of 0.70.

Outokumpu (OTCMKTS:OUTKY) last announced its earnings results on Wednesday, October 29th. The company reported ($0.04) EPS for the quarter. The business had revenue of $1.52 billion for the quarter. Outokumpu had a negative return on equity of 2.90% and a negative net margin of 1.83%. On average, equities analysts forecast that Outokumpu will post 0.07 EPS for the current year.

Outokumpu Announces Dividend

The business also recently declared a dividend, which will be paid on Thursday, November 6th. Investors of record on Thursday, October 16th will be given a $0.0343 dividend. The ex-dividend date is Wednesday, October 15th. This represents a dividend yield of 297.0%. Outokumpu’s dividend payout ratio (DPR) is presently -33.33%.

Outokumpu Company Profile

Outokumpu Oyj produces and sells various stainless steel products in Finland, other European countries, North America, the Asia-Pacific, and internationally. The company operates through three segments: Europe, Americas, and Ferrochrome. It offers cold rolled coils, strips, and sheets; hot rolled coils, strips, and plates; quarto plates; precision strips; and specialized components, such as welded stainless-steel I-beams, H-beams, hollow-section tubes, bent profiles, structural sections, hardened and customized press plates, suction roll shells, and blancs and disks.