Outokumpu (OTCMKTS:OUTKY – Get Free Report)’s stock price gapped up prior to trading 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 trading hands.
Analysts Set New Price Targets
A number of research firms recently issued reports on OUTKY. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Outokumpu in a report on Wednesday, May 13th. Oddo Bhf raised Outokumpu to an “outperform” rating in a report on Tuesday, May 26th. Finally, Citigroup reissued a “neutral” rating on shares of Outokumpu in a report on Wednesday, May 20th. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.
Read Our Latest Research Report on Outokumpu
Outokumpu Trading Up 4.1%
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.
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