Outokumpu (OTCMKTS:OUTKY) Given Average Recommendation of “Hold” by Brokerages

Shares of Outokumpu (OTCMKTS:OUTKY – Get Free Report) have earned an average recommendation of “Hold” from the seven brokerages that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company.

Several analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Outokumpu in a research note on Wednesday, May 13th. Oddo Bhf raised Outokumpu to an “outperform” rating in a research note on Tuesday, May 26th. Finally, Citigroup reissued a “neutral” rating on shares of Outokumpu in a research note on Wednesday, May 20th.

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Outokumpu Price Performance

Shares of Outokumpu stock opened at $3.45 on Monday. The business’s fifty day moving average price is $3.20 and its two-hundred day moving average price is $2.91. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.63 and a quick ratio of 0.58. The company has a market capitalization of $3.26 billion, a P/E ratio of -23.00 and a beta of 0.71. Outokumpu has a 1-year low of $1.89 and a 1-year high of $3.65.

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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