Outokumpu (OTCMKTS:OUTKY) Shares Gap Up – Still a Buy?

Outokumpu (OTCMKTS:OUTKY – Get Free Report)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $2.65, but opened at $2.99. Outokumpu shares last traded at $2.9603, with a volume of 1,152 shares changing hands.

Analyst Upgrades and Downgrades

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

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Outokumpu Stock Performance

The company has a quick ratio of 0.60, a current ratio of 1.56 and a debt-to-equity ratio of 0.15. The firm has a market cap of $2.80 billion, a price-to-earnings ratio of -19.70 and a beta of 0.75. The company has a 50 day moving average of $3.25 and a 200 day moving average of $2.99.

About Outokumpu

(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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