Outokumpu Oyj (OTCMKTS:OUTKY) Trading Up 7.7% – Still a Buy?

Shares of Outokumpu Oyj (OTCMKTS:OUTKYGet Free Report) shot up 7.7% during mid-day trading on Tuesday . The company traded as high as $1.48 and last traded at $1.48. 198 shares changed hands during trading, a decline of 69% from the average session volume of 649 shares. The stock had previously closed at $1.37.

Analysts Set New Price Targets

Separately, BNP Paribas lowered Outokumpu Oyj from a “hold” rating to a “strong sell” rating in a research note on Friday, January 3rd.

Read Our Latest Report on Outokumpu Oyj

Outokumpu Oyj Price Performance

The stock’s 50-day moving average is $1.54 and its 200-day moving average is $1.71. The company has a current ratio of 1.54, a quick ratio of 0.53 and a debt-to-equity ratio of 0.07.

Outokumpu Oyj (OTCMKTS:OUTKYGet Free Report) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.03 earnings per share (EPS) for the quarter. Outokumpu Oyj had a negative net margin of 4.10% and a negative return on equity of 6.67%. The company had revenue of $1.67 billion during the quarter. On average, analysts expect that Outokumpu Oyj will post -0.06 earnings per share for the current year.

Outokumpu Oyj Company Profile

(Get Free Report)

Outokumpu Oyj produces and sells various stainless steel products in Finland, other European countries, North America, the Asia-Pacific, and internationally. The company operates through three segments: Europe, Americas, and Ferrochrome. It offers cold rolled coils, strips, and sheets; hot rolled coils, strips, and plates; quarto plates; precision strips; and specialized components, such as welded stainless-steel I-beams, H-beams, hollow-section tubes, bent profiles, structural sections, hardened and customized press plates, suction roll shells, and blancs and disks.

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