Outokumpu (OTCMKTS:OUTKY) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Outokumpu (OTCMKTS:OUTKY) have been assigned a consensus recommendation of “Hold” from the six brokerages that are presently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold rating and two have issued a buy rating on the company.

OUTKY has been the subject of a number of recent analyst reports. Citigroup reissued a “neutral” rating on shares of Outokumpu in a research note on Wednesday, May 20th. Oddo Bhf raised shares of Outokumpu to an “outperform” rating in a research note on Tuesday, May 26th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Outokumpu in a report on Friday.

Outokumpu Price Performance

Shares of OTCMKTS:OUTKY remained flat at $3.29 during trading hours on Friday. The company’s stock had a trading volume of 100 shares, compared to its average volume of 1,324. The firm has a market cap of $3.12 billion, a price-to-earnings ratio of -32.95 and a beta of 0.72. The firm has a 50-day simple moving average of $3.11 and a two-hundred day simple moving average of $3.14. Outokumpu has a fifty-two week low of $1.90 and a fifty-two week high of $3.66. The company has a quick ratio of 0.60, a current ratio of 1.53 and a debt-to-equity ratio of 0.15.

Outokumpu (OTCMKTS:OUTKY) last issued its quarterly 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). Outokumpu had a negative return on equity of 2.38% and a negative net margin of 1.48%.The business had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.97 billion. As a group, equities analysts predict that Outokumpu will post 0.12 earnings per share for the current year.

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.