Outokumpo Oy (OUTKY) Downgraded by Zacks Investment Research to Sell

Outokumpo Oy (OTCMKTS:OUTKY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday.

According to Zacks, “Outokumpu Oyj is engages in the manufacturing of stainless steel. Its business area consists of Stainless Coil EMEA, Stainless Coil Americas, Stainless APAC and High Performance Stainless and Alloy. The company operates primarily in Europe, Middle East and Africa, Americas and Asia-Pacific. Outokumpu Oyj is headquartered in Espoo, Finland. “

Shares of Outokumpo Oy (OTCMKTS:OUTKY) opened at $4.30 on Thursday. Outokumpo Oy has a 52 week low of $3.66 and a 52 week high of $5.43. The company has a quick ratio of 0.62, a current ratio of 1.28 and a debt-to-equity ratio of 0.39.

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About Outokumpo Oy

Outokumpu Oyj produces and sells various stainless steel products worldwide. The company offers coils and sheets, quarto plates, bars, precision strips, rebars, welded pipes, and wire rods, as well as semi-finished products comprising cast billets and blooms, rolled and forged billets, cast slabs, and ingots.

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