Outokumpu (OTCMKTS:OUTKY – Get Free Report) shares saw unusually-high trading volume on Friday. Approximately 85,001 shares traded hands during mid-day trading, an increase of 3,311% from the average daily volume of 2,492 shares. The stock last traded at $2.43 and had previously closed at $2.46.
Wall Street Analyst Weigh In
OUTKY has been the topic of several recent research reports. Citigroup reissued a “neutral” rating on shares of Outokumpu in a report on Tuesday, September 15th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Outokumpu in a research note on Friday, September 4th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Outokumpu presently has a consensus rating of “Hold”.
Get Our Latest Report on OUTKY
Outokumpu Stock Down 5.8%
The firm has a market cap of $2.30 billion, a PE ratio of -24.30 and a beta of 0.72. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.53 and a quick ratio of 0.60. The business has a fifty day moving average price of $2.95 and a two-hundred day moving average price of $3.05.
Outokumpu (OTCMKTS:OUTKY – Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.02). Outokumpu had a negative return on equity of 2.38% and a negative net margin of 1.48%. The company had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.97 billion. On average, analysts anticipate that Outokumpu will post 0.10 EPS for the current fiscal year.
About Outokumpu
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.
Featured Articles
- Five stocks we like better than Outokumpu
- Amazon’s Record Margins Couldn’t Stop the Sell-Off—Here’s Why
- DoorDash’s $17 Billion Bet on Instacart Faces a Long Regulatory Road Ahead
- FTC Puts A Wrinkle In the Cintas and UniFirst Merger
- Breaching the Valuation: The Real Reason Fortinet Dropped
Receive News & Ratings for Outokumpu Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Outokumpu and related companies with MarketBeat.com's FREE daily email newsletter.
