Outokumpu (OTCMKTS:OUTKY) Receives Average Rating of “Reduce” from Brokerages

Shares of Outokumpu (OTCMKTS:OUTKY) have received a consensus recommendation of “Reduce” from the six analysts that are presently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company.

A number of equities analysts have issued reports on the company. Danske raised Outokumpu to a “buy” rating in a research report on Friday, October 3rd. Zacks Research lowered Outokumpu from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 13th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Outokumpu from a “buy” rating to a “hold” rating in a report on Wednesday, October 29th.

Outokumpu Stock Performance

Outokumpu stock opened at $2.37 on Friday. The company has a market cap of $2.24 billion, a price-to-earnings ratio of -19.75 and a beta of 0.71. Outokumpu has a 12 month low of $1.37 and a 12 month high of $2.41. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.76 and a quick ratio of 0.63. The stock’s 50-day moving average is $2.21 and its 200-day moving average is $2.02.

Outokumpu (OTCMKTS:OUTKY) last released its quarterly earnings data on Wednesday, October 29th. The company reported ($0.04) earnings per share (EPS) for the quarter. The business had revenue of $1.52 billion during the quarter. Outokumpu had a negative return on equity of 2.90% and a negative net margin of 1.83%. Equities analysts anticipate that Outokumpu will post 0.07 earnings per share for the current year.

Outokumpu Dividend Announcement

The business also recently announced a dividend, which was paid on Thursday, November 6th. Shareholders of record on Thursday, October 16th were given a $0.0343 dividend. The ex-dividend date of this dividend was Wednesday, October 15th. This represents a yield of 297.0%. Outokumpu’s dividend payout ratio (DPR) is currently -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.