Outokumpu (OTCMKTS:OUTKY) Shares Gap Up – Should You Buy?

Shares of Outokumpu (OTCMKTS:OUTKY) gapped up before the market opened on Tuesday . The stock had previously closed at $3.45, but opened at $3.59. Outokumpu shares last traded at $3.59, with a volume of 217 shares.

Analyst Upgrades and Downgrades

OUTKY has been the topic of several analyst reports. Citigroup restated a “neutral” rating on shares of Outokumpu in a report on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Outokumpu in a report on Wednesday, May 13th. Finally, Oddo Bhf upgraded Outokumpu to an “outperform” rating in a report on Tuesday, May 26th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold”.

Outokumpu Stock Performance

The company has a quick ratio of 0.58, a current ratio of 1.56 and a debt-to-equity ratio of 0.15. The company has a market cap of $3.24 billion, a PE ratio of -22.80 and a beta of 0.71. The stock’s 50 day simple moving average is $3.25 and its two-hundred day simple moving average is $2.93.

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.