Outokumpu (OTCMKTS:OUTKY) Reaches New 52-Week High – Still a Buy?

Outokumpu (OTCMKTS:OUTKY – Get Free Report)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $3.66 and last traded at $3.66, with a volume of 380 shares trading hands. The stock had previously closed at $3.52.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on OUTKY shares. Citigroup reiterated a “neutral” rating on shares of Outokumpu in a report on Wednesday, May 20th. Oddo Bhf raised shares of Outokumpu to an “outperform” rating in a research report on Tuesday, May 26th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Outokumpu in a research note on Wednesday, May 13th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold”.

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Outokumpu Stock Performance

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 firm has a 50-day moving average price of $3.23 and a 200 day moving average price of $2.93. The firm has a market capitalization of $3.46 billion, a PE ratio of -24.40 and a beta of 0.71.

Outokumpu Company Profile

(Get Free Report)

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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