Outokumpu (OTCMKTS:OUTKY) Given Average Recommendation of “Hold” by Analysts

Outokumpu (OTCMKTS:OUTKY) has received an average recommendation of “Hold” from the six analysts that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has issued a buy recommendation on the company.

A number of analysts have recently weighed in on OUTKY shares. Jefferies Financial Group lowered Outokumpu from a “buy” rating to a “hold” rating in a research note on Friday, January 16th. Zacks Research upgraded shares of Outokumpu from a “strong sell” rating to a “hold” rating in a report on Thursday, January 1st. Citigroup reissued a “neutral” rating on shares of Outokumpu in a research report on Thursday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft cut shares of Outokumpu from a “buy” rating to a “hold” rating in a research report on Wednesday, October 29th.

Outokumpu Stock Down 0.5%

OUTKY opened at $2.94 on Tuesday. The company has a market cap of $2.78 billion, a P/E ratio of -24.46 and a beta of 0.59. The business’s 50-day moving average price is $2.61 and its 200-day moving average price is $2.31. The company has a current ratio of 1.76, a quick ratio of 0.61 and a debt-to-equity ratio of 0.15. Outokumpu has a 12 month low of $1.63 and a 12 month high of $2.95.

Outokumpu (OTCMKTS:OUTKY) 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 return on equity of 2.90% and a negative net margin of 1.83%. On average, equities analysts expect that Outokumpu will post 0.07 EPS for the current year.

Outokumpu Company Profile

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.