Zacks Investment Research upgraded shares of Outokumpu (OTCMKTS:OUTKY) from a sell rating to a hold rating in a research note released on Thursday.
According to Zacks, “Outokumpu Oyj is engages in the manufacturing of stainless steel. Its business area consists of Stainless Coil EMEA, Stainless Coil Americas, Stainless APAC and High Performance Stainless and Alloy. The company operates primarily in Europe, Middle East and Africa, Americas and Asia-Pacific. Outokumpu Oyj is headquartered in Espoo, Finland. “
Shares of OTCMKTS OUTKY traded up $0.52 during trading hours on Thursday, hitting $4.35. 300 shares of the stock were exchanged, compared to its average volume of 550. The firm has a market capitalization of $3,622.46, a price-to-earnings ratio of -217.50 and a beta of -0.13. Outokumpu has a 1-year low of $3.66 and a 1-year high of $5.38.
Outokumpu Oyj produces and sells various stainless steel products worldwide. The company offers coils and sheets, quarto plates, bars, precision strips, rebars, welded pipes, and wire rods, as well as semi-finished products comprising cast billets and blooms, rolled and forged billets, cast slabs, and ingots.
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