Outokumpu (OTCMKTS:OUTKY – Get Free Report) issued its quarterly earnings results on Friday. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03), Zacks reports. Outokumpu had a negative net margin of 1.48% and a negative return on equity of 2.38%.
Outokumpu Stock Down 16.0%
Outokumpu stock traded down $0.39 during mid-day trading on Friday, reaching $2.04. The stock had a trading volume of 14,560 shares, compared to its average volume of 4,069. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.60 and a current ratio of 1.53. Outokumpu has a fifty-two week low of $1.95 and a fifty-two week high of $3.66. The stock’s 50-day simple moving average is $2.89 and its 200-day simple moving average is $3.05. The firm has a market capitalization of $1.93 billion, a PE ratio of -20.44 and a beta of 0.67.
Analysts Set New Price Targets
Several equities research analysts recently commented on the company. Citigroup reaffirmed a “neutral” rating on shares of Outokumpu in a research note on Tuesday, September 15th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Outokumpu in a research report on Friday, September 4th. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.
Outokumpu Company Profile
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.
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