Outokumpu Oyj (NASDAQ:OUTKY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Saturday.

According to Zacks, “Outokumpu Oyj is engages in the manufacturing of stainless steel. Its business area consists of Stainless Coil EMEA, Stainless Coil Americas, Stainless APAC and High Performance Stainless and Alloy. The company operates primarily in Europe, Middle East and Africa, Americas and Asia-Pacific. Outokumpu Oyj is headquartered in Espoo, Finland. “

Outokumpu Oyj (NASDAQ:OUTKY) opened at 4.48 on Friday. The stock has a market capitalization of $3.69 billion and a price-to-earnings ratio of 6.45. The firm has a 50-day moving average of $4.43 and a 200-day moving average of $4.60. Outokumpu Oyj has a 1-year low of $2.98 and a 1-year high of $5.43.

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