Outokumpu (OTCMKTS:OUTKY) Sees Large Decrease in Short Interest

Outokumpu (OTCMKTS:OUTKY – Get Free Report) was the recipient of a large decrease in short interest in April. As of April 30th, there was short interest totaling 276 shares, a decrease of 89.2% from the April 15th total of 2,560 shares. Based on an average daily volume of 91 shares, the short-interest ratio is presently 3.0 days. Approximately 0.0% of the company’s stock are short sold.

Outokumpu Stock Down 8.1%

Shares of Outokumpu stock traded down $0.28 during trading hours on Thursday, hitting $3.17. 292 shares of the company’s stock traded hands, compared to its average volume of 5,977. The company has a quick ratio of 0.58, a current ratio of 1.63 and a debt-to-equity ratio of 0.15. The company has a market cap of $3.00 billion, a PE ratio of -19.79 and a beta of 0.68. Outokumpu has a twelve month low of $1.77 and a twelve month high of $3.45. The stock has a 50 day simple moving average of $3.05 and a 200-day simple moving average of $2.74.

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Outokumpu (OTCMKTS:OUTKY – Get Free Report) last issued its quarterly earnings data on Thursday, February 12th. The company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.13) by $0.05. Outokumpu had a negative net margin of 2.55% and a negative return on equity of 4.00%. The business had revenue of $1.35 billion during the quarter. Equities research analysts anticipate that Outokumpu will post 0.05 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on OUTKY shares. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Outokumpu in a research report on Wednesday. Jefferies Financial Group lowered Outokumpu from a “buy” rating to a “hold” rating in a research report on Friday, January 16th. Finally, Citigroup restated a “neutral” rating on shares of Outokumpu in a report on Friday, April 17th. One research analyst has 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. Based on data from MarketBeat, the stock has an average rating of “Hold”.

Read Our Latest Analysis on OUTKY

Outokumpu Company Profile

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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.

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