Outokumpu (OTCMKTS:OUTKY) Issues Quarterly Earnings Results

Outokumpu (OTCMKTS:OUTKY) released its quarterly earnings results on Thursday. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.02), Zacks reports. Outokumpu had a negative net margin of 2.32% and a negative return on equity of 3.67%.

Outokumpu Price Performance

Shares of OUTKY stock remained flat at $3.23 during mid-day trading on Thursday. The company’s stock had a trading volume of 2,000 shares, compared to its average volume of 155. The company has a 50 day moving average of $3.20 and a 200 day moving average of $3.06. The company has a current ratio of 1.56, a quick ratio of 0.60 and a debt-to-equity ratio of 0.15. Outokumpu has a 52 week low of $1.89 and a 52 week high of $3.66. The company has a market capitalization of $3.06 billion, a price-to-earnings ratio of -21.53 and a beta of 0.75.

Analyst Ratings Changes

OUTKY has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Outokumpu in a report on Wednesday, May 13th. Oddo Bhf upgraded Outokumpu to an “outperform” rating in a research note on Tuesday, May 26th. Finally, Citigroup restated a “neutral” rating on shares of Outokumpu in a research note on Wednesday, May 20th. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Outokumpu presently has an average rating of “Hold”.

About Outokumpu

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.