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

Outokumpu (OTCMKTS:OUTKY) has received an average recommendation of “Hold” from the six analysts that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has assigned a buy recommendation to the company.

Several equities research analysts have recently weighed in on OUTKY shares. Citigroup reaffirmed a “neutral” rating on shares of Outokumpu in a report on Friday, April 17th. Jefferies Financial Group lowered shares of Outokumpu from a “buy” rating to a “hold” rating in a report on Friday, January 16th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Outokumpu in a report on Tuesday, April 14th.

Outokumpu Price Performance

OUTKY opened at $3.15 on Friday. The firm’s 50-day simple moving average is $3.02 and its 200-day simple moving average is $2.68. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.58 and a current ratio of 1.63. Outokumpu has a twelve month low of $1.73 and a twelve month high of $3.35. The firm has a market cap of $2.98 billion, a price-to-earnings ratio of -19.69 and a beta of 0.68.

Outokumpu (OTCMKTS:OUTKY) last posted its earnings results 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. Outokumpu had a negative net margin of 2.55% and a negative return on equity of 4.00%. The business had revenue of $1.35 billion for the quarter. Equities research analysts anticipate that Outokumpu will post 0.01 EPS for the current fiscal 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.