Outokumpu (OTCMKTS:OUTKY) Shares Gap Down – Time to Sell?

Outokumpu (OTCMKTS:OUTKY)’s stock price gapped down prior to trading on Thursday. The stock had previously closed at $2.82, but opened at $2.68. Outokumpu shares last traded at $2.68, with a volume of 949 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Citigroup reiterated a “neutral” rating on shares of Outokumpu in a research report on Tuesday, September 15th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Outokumpu in a research report on Friday, September 4th. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold”.

Outokumpu Stock Performance

The company has a debt-to-equity ratio of 0.15, a current ratio of 1.53 and a quick ratio of 0.60. The company has a market cap of $2.60 billion, a price-to-earnings ratio of -27.50 and a beta of 0.65. The business has a 50 day simple moving average of $3.11 and a 200 day simple moving average of $3.11.

Outokumpu (OTCMKTS:OUTKY) last announced its earnings results on Thursday, July 30th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.02). Outokumpu had a negative net margin of 1.48% and a negative return on equity of 2.38%. The business had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.97 billion. As a group, equities analysts forecast that Outokumpu will post 0.12 EPS for the current year.

Outokumpu Company Profile

Outokumpu Oyj is a Finland-based metals company specializing in stainless steel and related products. Its portfolio includes stainless steel in coils, sheets, plates and long products, as well as specialty grades designed for demanding applications such as corrosion resistance, high temperatures and hygiene. The company also produces ferrochrome, an important raw material used in stainless steel manufacturing.

Outokumpu serves customers across industries including construction, automotive, transportation, energy, food and beverage, and industrial equipment.