Outokumpu (OTCMKTS:OUTKY) Given Consensus Rating of “Hold” by Analysts

Outokumpu (OTCMKTS:OUTKY) has been assigned an average recommendation of “Hold” from the six research firms that are covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company.

A number of brokerages have issued reports on OUTKY. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Outokumpu in a report on Friday, September 4th. Oddo Bhf upgraded shares of Outokumpu to an “outperform” rating in a report on Tuesday, May 26th. Finally, Citigroup reissued a “neutral” rating on shares of Outokumpu in a research note on Wednesday, May 20th.

Outokumpu Stock Performance

Shares of OUTKY stock opened at $3.30 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.60 and a current ratio of 1.53. Outokumpu has a fifty-two week low of $1.90 and a fifty-two week high of $3.66. The stock has a 50 day moving average price of $3.16 and a two-hundred day moving average price of $3.15. The company has a market capitalization of $3.12 billion, a P/E ratio of -33.00 and a beta of 0.72.

Outokumpu (OTCMKTS:OUTKY) last issued its earnings results on Thursday, July 30th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.02). Outokumpu had a negative return on equity of 2.38% and a negative net margin of 1.48%.The firm had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.97 billion. Analysts expect that Outokumpu will post 0.12 earnings per share for the current 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.