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

by · The Markets Daily

Outokumpu (OTCMKTS:OUTKY – Get Free Report) has received a consensus recommendation of “Hold” from the five analysts that are currently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company.

OUTKY has been the topic of a number of research reports. Citigroup reaffirmed a “neutral” rating on shares of Outokumpu in a research note on Tuesday, September 15th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Outokumpu in a research report on Friday, September 4th.

Read Our Latest Stock Report on Outokumpu

Outokumpu Trading Down 11.7%

OTCMKTS OUTKY opened at $2.81 on Tuesday. The firm’s 50 day moving average price is $3.16 and its two-hundred day moving average price is $3.13. 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 twelve month low of $1.90 and a twelve month high of $3.66. The stock has a market cap of $2.66 billion, a price-to-earnings ratio of -28.10 and a beta of 0.65.

Outokumpu (OTCMKTS:OUTKY – Get Free Report) 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 business had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.97 billion. Equities analysts anticipate that Outokumpu will post 0.12 EPS for the current year.

Outokumpu Company Profile

(Get Free Report)

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.

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