Outokumpu (OTCMKTS:OUTKY) Given Average Rating of “Hold” by Brokerages

Shares of Outokumpu (OTCMKTS:OUTKY) have received a consensus recommendation of “Hold” from the six brokerages that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has assigned a buy recommendation to the company.

OUTKY has been the subject of several research reports. Citigroup reiterated a “neutral” rating on shares of Outokumpu in a research report on Thursday, January 22nd. Jefferies Financial Group cut Outokumpu from a “buy” rating to a “hold” rating in a report on Friday, January 16th. Finally, Zacks Research raised Outokumpu from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 1st.

Outokumpu Stock Performance

OTCMKTS OUTKY opened at $3.26 on Friday. The firm’s fifty day moving average price is $2.84 and its two-hundred day moving average price is $2.43. The stock has a market cap of $3.08 billion, a PE ratio of -20.38 and a beta of 0.55. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.61 and a current ratio of 1.76. Outokumpu has a fifty-two week low of $1.63 and a fifty-two week high of $3.35.

Outokumpu (OTCMKTS:OUTKY) last announced its quarterly earnings results on Thursday, February 12th. The company reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.05. The company had revenue of $1.35 billion during the quarter. Outokumpu had a negative return on equity of 3.97% and a negative net margin of 2.55%. On average, equities analysts expect that Outokumpu will post 0.07 EPS for the current fiscal 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.