Outokumpu (OTCMKTS:OUTKY) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Outokumpu (OTCMKTS:OUTKY) have earned an average recommendation of “Hold” from the six brokerages that are currently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company.

A number of equities analysts have recently commented on OUTKY shares. Citigroup reissued a “neutral” rating on shares of Outokumpu in a research report on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Outokumpu in a research report on Wednesday, May 13th. Finally, Oddo Bhf upgraded shares of Outokumpu to an “outperform” rating in a report on Tuesday, May 26th.

Outokumpu Stock Down 6.5%

Shares of OUTKY stock opened at $3.02 on Tuesday. The stock’s 50 day simple moving average is $3.20 and its 200 day simple moving average is $3.07. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.60 and a current ratio of 1.56. Outokumpu has a twelve month low of $1.89 and a twelve month high of $3.66. The company has a market capitalization of $2.86 billion, a price-to-earnings ratio of -30.20 and a beta of 0.72.

Outokumpu (OTCMKTS:OUTKY) last posted its earnings results on Thursday, July 30th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.02). The company had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.97 billion. Outokumpu had a negative return on equity of 2.39% and a negative net margin of 1.48%. As a group, research analysts predict that Outokumpu will post 0.14 EPS for the current year.

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.