Outokumpu (OTCMKTS:OUTKY) Shares Gap Up – Should You Buy?

Outokumpu (OTCMKTS:OUTKY) gapped up before the market opened on Tuesday . The stock had previously closed at $3.45, but opened at $3.59. Outokumpu shares last traded at $3.59, with a volume of 217 shares.

Wall Street Analysts Forecast Growth

OUTKY has been the subject of a number of research analyst reports. 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 reiterated a “neutral” rating on shares of Outokumpu in a report on Wednesday, May 20th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Outokumpu has an average rating of “Hold”.

Outokumpu Stock Performance

The stock has a market capitalization of $3.40 billion, a PE ratio of -23.93 and a beta of 0.71. The stock has a fifty day moving average of $3.21 and a 200-day moving average of $2.92. The company has a quick ratio of 0.58, a current ratio of 1.63 and a debt-to-equity ratio of 0.15.

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.