Outokumpu (OTCMKTS:OUTKY) Shares Gap Up – What’s Next?

Outokumpu (OTCMKTS:OUTKY) shares gapped up prior to trading on Friday . The stock had previously closed at $2.39, but opened at $2.48. Outokumpu shares last traded at $2.48, with a volume of 362 shares changing hands.

Analyst Ratings Changes

A number of research firms recently issued reports on OUTKY. Citigroup reiterated a “neutral” rating on shares of Outokumpu in a report on Friday, December 5th. Zacks Research downgraded Outokumpu from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 13th. Deutsche Bank Aktiengesellschaft cut shares of Outokumpu from a “buy” rating to a “hold” rating in a research note on Wednesday, October 29th. Finally, Danske raised shares of Outokumpu to a “buy” rating in a research report on Friday, October 3rd. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Reduce”.

Outokumpu Stock Performance

The company has a market capitalization of $2.35 billion, a P/E ratio of -20.67 and a beta of 0.62. The stock’s fifty day moving average price is $2.33 and its 200-day moving average price is $2.14. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.61 and a current ratio of 1.76.

Outokumpu (OTCMKTS:OUTKY) last posted its quarterly earnings results on Wednesday, October 29th. The company reported ($0.04) EPS for the quarter. The business had revenue of $1.52 billion for the quarter. Outokumpu had a negative return on equity of 2.90% and a negative net margin of 1.83%. As a group, research analysts anticipate that Outokumpu will post 0.07 EPS for the current fiscal year.

Outokumpu Dividend Announcement

The firm also recently declared a dividend, which was paid on Thursday, November 6th. Shareholders of record on Thursday, October 16th were issued a dividend of $0.0343 per share. The ex-dividend date of this dividend was Wednesday, October 15th. This represents a yield of 297.0%. Outokumpu’s dividend payout ratio (DPR) is currently -41.67%.

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.