Outokumpu (OTCMKTS:OUTKY) Stock Price Up 6.1% – What’s Next?

Outokumpu (OTCMKTS:OUTKY)’s stock price shot up 6.1% during trading on Wednesday. The company traded as high as $3.06 and last traded at $2.9775. 1,163 shares changed hands during trading, a decline of 57% from the average session volume of 2,723 shares. The stock had previously closed at $2.8050.

Analyst Ratings Changes

Several equities research analysts have recently commented on OUTKY shares. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Outokumpu in a report on Friday, September 4th. Citigroup reaffirmed a “neutral” rating on shares of Outokumpu in a report on Tuesday, September 15th. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Outokumpu Stock Performance

The company has a current ratio of 1.53, a quick ratio of 0.60 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $2.82 billion, a PE ratio of -29.77 and a beta of 0.65. The firm’s fifty day moving average price is $3.10 and its two-hundred day moving average price is $3.12.

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

About Outokumpu

Outokumpu Oyj is a Finland-based metals company specializing in stainless steel and related products. Its portfolio includes stainless steel in coils, sheets, plates and long products, as well as specialty grades designed for demanding applications such as corrosion resistance, high temperatures and hygiene. The company also produces ferrochrome, an important raw material used in stainless steel manufacturing.

Outokumpu serves customers across industries including construction, automotive, transportation, energy, food and beverage, and industrial equipment.