Outokumpu (OTCMKTS:OUTKY) Receives Consensus Rating of “Hold” from Brokerages

Outokumpu (OTCMKTS:OUTKY) has been given an average rating of “Hold” by the six brokerages that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has issued a buy recommendation on the company.

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

Outokumpu Trading Up 6.7%

Shares of OTCMKTS:OUTKY opened at $2.95 on Tuesday. The company has a 50 day moving average of $2.58 and a 200-day moving average of $2.29. The company has a current ratio of 1.76, a quick ratio of 0.61 and a debt-to-equity ratio of 0.15. The firm has a market cap of $2.79 billion, a P/E ratio of -24.58 and a beta of 0.59. Outokumpu has a twelve month low of $1.60 and a twelve month high of $2.95.

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.