Outokumpu (OTCMKTS:OUTKY – Get Free Report)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $3.10, but opened at $3.2650. Outokumpu shares last traded at $3.2650, with a volume of 2,307 shares changing hands.
Analyst Ratings Changes
Several research analysts have recently issued reports on OUTKY shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Outokumpu in a research note on Wednesday, May 13th. Citigroup restated a “neutral” rating on shares of Outokumpu in a research note on Wednesday, May 20th. Finally, Oddo Bhf raised shares of Outokumpu to an “outperform” rating in a report on Tuesday, May 26th. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Outokumpu currently has an average rating of “Hold”.
View Our Latest Stock Report on Outokumpu
Outokumpu Price Performance
Outokumpu (OTCMKTS:OUTKY – Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.02). Outokumpu had a negative net margin of 1.48% and a negative return on equity of 2.39%. The firm had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.97 billion. As a group, research analysts predict that Outokumpu will post 0.12 earnings per share for the current fiscal year.
Outokumpu Company Profile
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.
Further Reading
- Five stocks we like better than Outokumpu
- Nutanix’s Rally Has a Bigger Story Than Earnings as AMD’s AI Bet Takes Shape
- SEC Probe Puts Wall Street Leverage Risk Back in Focus
- A Bearish-Dollar Options Surge Raises the Stakes for Warsh at Jackson Hole
- Five Below’s Turnaround Is Working—But Has the Stock Run Too Far?
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.
