Outokumpu (OTCMKTS:OUTKY) Sets New 12-Month High – Time to Buy?

Shares of Outokumpu (OTCMKTS:OUTKY) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $2.5050 and last traded at $2.5050, with a volume of 1000 shares trading hands. The stock had previously closed at $2.39.

Analyst Upgrades and Downgrades

OUTKY has been the topic of several recent research reports. 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. Citigroup restated a “neutral” rating on shares of Outokumpu in a research note on Friday, December 5th. Finally, Deutsche Bank Aktiengesellschaft lowered Outokumpu from a “buy” rating to a “hold” rating in a research report on Wednesday, October 29th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce”.

Outokumpu Price Performance

The company has a quick ratio of 0.61, a current ratio of 1.76 and a debt-to-equity ratio of 0.15. The company has a 50 day simple moving average of $2.33 and a 200-day simple moving average of $2.14. The stock has a market cap of $2.37 billion, a price-to-earnings ratio of -20.88 and a beta of 0.62.

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

Outokumpu Announces Dividend

The firm also recently declared a dividend, which was paid on Thursday, November 6th. Stockholders of record on Thursday, October 16th were issued a $0.0343 dividend. The ex-dividend date of this dividend was Wednesday, October 15th. This represents a dividend yield of 297.0%. Outokumpu’s payout ratio is -41.67%.

About Outokumpu

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.