Outokumpu (OTCMKTS:OUTKY) Shares Gap Up – Here’s What Happened

Outokumpu (OTCMKTS:OUTKY)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $2.21, but opened at $2.37. Outokumpu shares last traded at $2.37, with a volume of 100 shares changing hands.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Zacks Research cut shares of Outokumpu from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 13th. Danske upgraded shares of Outokumpu to a “buy” rating in a research note on Friday, October 3rd. Deutsche Bank Aktiengesellschaft lowered shares of Outokumpu from a “buy” rating to a “hold” rating in a report on Wednesday, October 29th. Finally, Citigroup restated a “neutral” rating on shares of Outokumpu in a research note on Friday, December 5th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce”.

Outokumpu Stock Up 7.2%

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 business’s 50-day simple moving average is $2.31 and its 200-day simple moving average is $2.11. The company has a market capitalization of $2.24 billion, a PE ratio of -19.75 and a beta of 0.71.

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

Outokumpu Announces Dividend

The business also recently disclosed a dividend, which was paid on Thursday, November 6th. Shareholders of record on Thursday, October 16th were paid a dividend of $0.0343 per share. The ex-dividend date was Wednesday, October 15th. This represents a dividend yield of 297.0%. Outokumpu’s dividend payout ratio (DPR) is presently -33.33%.

About Outokumpu

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.