Outokumpu (OTCMKTS:OUTKY) Given Average Rating of “Hold” by Brokerages

Outokumpu (OTCMKTS:OUTKY) has been assigned a consensus recommendation of “Hold” from the six brokerages that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has issued a buy recommendation on the company.

Several equities analysts have recently commented on the company. Citigroup reaffirmed a “neutral” rating on shares of Outokumpu in a research note on Thursday, January 22nd. Jefferies Financial Group downgraded Outokumpu from a “buy” rating to a “hold” rating in a research report on Friday, January 16th. Finally, Zacks Research upgraded shares of Outokumpu from a “strong sell” rating to a “hold” rating in a report on Thursday, January 1st.

Outokumpu Price Performance

OUTKY stock opened at $2.69 on Wednesday. The firm has a market cap of $2.54 billion, a PE ratio of -16.81 and a beta of 0.62. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.58 and a current ratio of 1.63. The firm’s 50 day moving average price is $2.97 and its 200-day moving average price is $2.58. Outokumpu has a one year low of $1.63 and a one year high of $3.35.

Outokumpu (OTCMKTS:OUTKY) last issued its quarterly earnings data on Thursday, February 12th. The company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.05. The company had revenue of $1.35 billion during the quarter. Outokumpu had a negative return on equity of 4.00% and a negative net margin of 2.55%. On average, equities research analysts anticipate that Outokumpu will post 0.07 EPS for the current year.

Outokumpu Company Profile

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.