Outokumpu (OTCMKTS:OUTKY) Shares Gap Up – Time to Buy?

Outokumpu (OTCMKTS:OUTKY – Get Free Report) shares gapped up before the market opened on Monday. The stock had previously closed at $2.58, but opened at $2.76. Outokumpu shares last traded at $2.76, with a volume of 300 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on OUTKY shares. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Outokumpu in a research report on Friday, September 4th. Citigroup reiterated a “neutral” rating on shares of Outokumpu in a research report on Tuesday, September 15th. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold”.

View Our Latest Research Report on OUTKY

Outokumpu Trading Down 0.4%

The business’s 50 day moving average is $3.05 and its two-hundred day moving average is $3.12. The company has a quick ratio of 0.60, a current ratio of 1.53 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $2.54 billion, a P/E ratio of -26.85 and a beta of 0.65.

Outokumpu (OTCMKTS:OUTKY – Get Free Report) last announced its earnings results on Thursday, July 30th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.02). Outokumpu had a negative net margin of 1.48% and a negative return on equity of 2.38%. The company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.97 billion. Analysts expect that Outokumpu will post 0.10 EPS for the current year.

Outokumpu Company Profile

(Get Free Report)

Outokumpu Oyj is a Finland-based stainless steel manufacturer serving customers across Europe, the Americas and other international markets. The company produces stainless steel for applications in industries including construction, automotive, transportation, energy, food processing and industrial equipment.

Its product portfolio includes stainless steel coils, sheets, plates, strips and long products, along with specialized grades designed for demanding environments. Outokumpu also produces ferrochrome, an important raw material used in stainless steel manufacturing, and provides related technical, processing and customer support services.

Outokumpu traces its origins to 1910, when copper ore was discovered in Outokumpu, Finland.

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