Outokumpu (OTCMKTS:OUTKY) Shares Gap Down – What’s Next?

Outokumpu (OTCMKTS:OUTKY)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $3.66, but opened at $3.25. Outokumpu shares last traded at $3.25, with a volume of 350 shares changing hands.

Analysts Set New Price Targets

OUTKY has been the subject of a number of research analyst reports. Oddo Bhf raised Outokumpu to an “outperform” rating in a report on Tuesday, May 26th. Citigroup reissued a “neutral” rating on shares of Outokumpu in a report on Wednesday, May 20th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Outokumpu in a report on Wednesday, May 13th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Outokumpu Stock Performance

The company has a debt-to-equity ratio of 0.15, a current ratio of 1.56 and a quick ratio of 0.58. The stock has a market cap of $3.07 billion, a price-to-earnings ratio of -21.67 and a beta of 0.71. The firm has a fifty day moving average of $3.25 and a 200 day moving average of $2.93.

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.