Outokumpu (OTCMKTS:OUTKY) Short Interest Update

Outokumpu (OTCMKTS:OUTKY – Get Free Report) was the recipient of a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 2,175 shares, a decline of 80.5% from the July 30th total of 11,153 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 3,555 shares, the days-to-cover ratio is presently 0.6 days.

Outokumpu Stock Performance

Shares of OUTKY stock opened at $3.27 on Friday. Outokumpu has a 52 week low of $1.90 and a 52 week high of $3.66. The company has a market capitalization of $3.09 billion, a price-to-earnings ratio of -32.65 and a beta of 0.72. The company has a 50-day simple moving average of $3.10 and a 200 day simple moving average of $3.13. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.60 and a current ratio of 1.56.

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Outokumpu (OTCMKTS:OUTKY – Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.02). The company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.97 billion. Outokumpu had a negative net margin of 1.48% and a negative return on equity of 2.39%. On average, sell-side analysts predict that Outokumpu will post 0.12 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on OUTKY. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Outokumpu in a research report on Wednesday, May 13th. Citigroup reissued a “neutral” rating on shares of Outokumpu in a report on Wednesday, May 20th. Finally, Oddo Bhf upgraded Outokumpu to an “outperform” rating in a research note on Tuesday, May 26th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Outokumpu currently has an average rating of “Hold”.

Read Our Latest Research Report on OUTKY

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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