Outokumpu (OTCMKTS:OUTKY – Get Free Report)’s share price gapped down prior to trading on Monday . The stock had previously closed at $3.2950, but opened at $3.00. Outokumpu shares last traded at $3.00, with a volume of 533 shares traded.
Analyst Upgrades and Downgrades
OUTKY has been the topic of a number of analyst reports. Oddo Bhf upgraded shares of Outokumpu to an “outperform” rating in a research report on Tuesday, May 26th. Citigroup reiterated a “neutral” rating on shares of Outokumpu in a report on Wednesday, May 20th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Outokumpu in a research note on Friday, September 4th. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold”.
Read Our Latest Report on Outokumpu
Outokumpu Price Performance
Outokumpu (OTCMKTS:OUTKY – Get Free Report) last issued its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $1.97 billion. As a group, research analysts predict that Outokumpu will post 0.12 EPS for the current year.
About Outokumpu
Outokumpu Oyj is a Finland-based global producer of stainless steel. The company manufactures stainless steel products for industries including construction, automotive, transportation, energy, food and beverage, and industrial equipment. Its product portfolio includes stainless steel coils, sheets, plates, precision strip, long products and other customized materials.
Outokumpu also produces ferrochrome, an important raw material used in stainless steel manufacturing. The company emphasizes high-performance and low-emission stainless steel solutions, including products made with recycled materials and its lower-carbon Circle Green offering.
With roots in Finnish mining and metals operations dating to the early 20th century, Outokumpu has developed into an international metals group serving customers across Europe, the Americas and other global markets.
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