Outokumpu (OTCMKTS:OUTKY – Get Free Report) released its quarterly earnings results on Friday. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.03), Zacks reports. Outokumpu had a negative return on equity of 2.38% and a negative net margin of 1.48%.
Outokumpu Stock Performance
Shares of OUTKY traded down $0.39 during midday trading on Friday, hitting $2.04. 14,560 shares of the stock traded hands, compared to its average volume of 4,069. The firm has a market capitalization of $1.93 billion, a PE ratio of -20.44 and a beta of 0.67. The business’s 50 day moving average price is $2.89 and its two-hundred day moving average price is $3.05. Outokumpu has a 1-year low of $1.95 and a 1-year high of $3.66. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.60 and a current ratio of 1.53.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Outokumpu in a research report on Friday, September 4th. Citigroup reissued a “neutral” rating on shares of Outokumpu in a research report on Tuesday, September 15th. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold”.
View Our Latest Stock Analysis on Outokumpu
About Outokumpu
Outokumpu Oyj is a Finland-based stainless steel manufacturer serving customers across Europe, the Americas and other international markets. The company produces stainless steel for applications in industries including construction, automotive, transportation, energy, food processing and industrial equipment.
Its product portfolio includes stainless steel coils, sheets, plates, strips and long products, along with specialized grades designed for demanding environments. Outokumpu also produces ferrochrome, an important raw material used in stainless steel manufacturing, and provides related technical, processing and customer support services.
Outokumpu traces its origins to 1910, when copper ore was discovered in Outokumpu, Finland.
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