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

Outokumpu (OTCMKTS:OUTKY) has been given a consensus rating of “Hold” by the six research firms that are covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company.

Several equities research analysts recently weighed in on OUTKY shares. Oddo Bhf upgraded Outokumpu to an “outperform” rating in a report on Tuesday, May 26th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Outokumpu in a report on Wednesday, May 13th. Finally, Citigroup reissued a “neutral” rating on shares of Outokumpu in a research report on Wednesday, May 20th.

Outokumpu Price Performance

OTCMKTS OUTKY opened at $3.28 on Tuesday. Outokumpu has a fifty-two week low of $1.89 and a fifty-two week high of $3.66. The stock’s 50-day moving average is $3.16 and its two-hundred day moving average is $3.08. The firm has a market cap of $3.10 billion, a P/E ratio of -32.80 and a beta of 0.72. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.56 and a quick ratio of 0.60.

Outokumpu (OTCMKTS:OUTKY) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.02). The company had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.97 billion. Outokumpu had a negative return on equity of 2.39% and a negative net margin of 1.48%. On average, analysts anticipate that Outokumpu will post 0.14 earnings per share for the current fiscal year.

About Outokumpu

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.