Outokumpu (OTCMKTS:OUTKY) Stock Now Rated “Hold” by Sell-Side Brokerages

Outokumpu (OTCMKTS:OUTKY – Get Free Report) has earned an average rating of “Hold” from the six brokerages that are currently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company.

A number of analysts have commented on the company. Citigroup restated a “neutral” rating on shares of Outokumpu in a research report on Tuesday, September 15th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Outokumpu in a research note on Friday, September 4th.

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Outokumpu Price Performance

OUTKY opened at $3.18 on Tuesday. The firm’s 50 day simple moving average is $3.17 and its two-hundred day simple moving average is $3.13. The company has a market capitalization of $3.01 billion, a PE ratio of -31.83 and a beta of 0.65. Outokumpu has a 1-year low of $1.90 and a 1-year high of $3.66. The company has a current ratio of 1.53, a quick ratio of 0.60 and a debt-to-equity ratio of 0.15.

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). The business had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.97 billion. Outokumpu had a negative net margin of 1.48% and a negative return on equity of 2.38%. As a group, equities analysts forecast that Outokumpu will post 0.12 EPS for the current year.

Outokumpu Company Profile

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Outokumpu Oyj is a Finland-based metals company specializing in stainless steel and related products. Its portfolio includes stainless steel in coils, sheets, plates and long products, as well as specialty grades designed for demanding applications such as corrosion resistance, high temperatures and hygiene. The company also produces ferrochrome, an important raw material used in stainless steel manufacturing.

Outokumpu serves customers across industries including construction, automotive, transportation, energy, food and beverage, and industrial equipment.

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