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

Shares of Outokumpu (OTCMKTS:OUTKY) have earned a consensus rating of “Hold” from the six analysts that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has issued a buy recommendation on the company.

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

Outokumpu Price Performance

Shares of OTCMKTS:OUTKY opened at $3.21 on Friday. Outokumpu has a 12 month low of $1.63 and a 12 month high of $3.35. The stock has a market cap of $3.04 billion, a price-to-earnings ratio of -20.06 and a beta of 0.55. The stock’s 50 day moving average price is $2.89 and its 200 day moving average price is $2.46. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.63 and a quick ratio of 0.61.

Outokumpu (OTCMKTS:OUTKY) last issued its quarterly earnings results on Thursday, February 12th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.05. Outokumpu had a negative return on equity of 4.00% and a negative net margin of 2.55%.The firm had revenue of $1.35 billion during the quarter. Equities research analysts anticipate 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.