Outokumpu (OTCMKTS:OUTKY) Sets New 12-Month High – What’s Next?

Shares of Outokumpu (OTCMKTS:OUTKY) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $2.69 and last traded at $2.69, with a volume of 200 shares. The stock had previously closed at $2.5050.

Analysts Set New Price Targets

A number of research firms have commented on OUTKY. Zacks Research upgraded shares of Outokumpu from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 1st. Deutsche Bank Aktiengesellschaft cut shares of Outokumpu from a “buy” rating to a “hold” rating in a report on Wednesday, October 29th. Danske raised shares of Outokumpu to a “buy” rating in a research report on Friday, October 3rd. Finally, Citigroup reaffirmed a “neutral” rating on shares of Outokumpu in a research note on Friday, December 5th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Outokumpu presently has an average rating of “Hold”.

Outokumpu Stock Up 9.9%

The company has a market capitalization of $2.58 billion, a P/E ratio of -22.72 and a beta of 0.56. The business’s fifty day moving average price is $2.37 and its 200 day moving average price is $2.16. The company has a current ratio of 1.76, a quick ratio of 0.61 and a debt-to-equity ratio of 0.15.

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 net margin of 1.83% and a negative return on equity of 2.90%. The company had revenue of $1.52 billion for the quarter. As a group, equities research analysts predict that Outokumpu will post 0.07 earnings per share for the current fiscal year.

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.