Outokumpu (OTCMKTS:OUTKY) Stock Price Up 9% – Here’s What Happened

Outokumpu (OTCMKTS:OUTKY)’s stock price rose 9% during mid-day trading on Friday . The stock traded as high as $3.10 and last traded at $3.10. Approximately 924 shares were traded during mid-day trading, a decline of 74% from the average session volume of 3,492 shares. The stock had previously closed at $2.8444.

Analyst Ratings Changes

Several equities analysts recently commented on OUTKY shares. Oddo Bhf upgraded Outokumpu to an “outperform” rating in a research report on Tuesday, May 26th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Outokumpu in a research note on Wednesday, May 13th. Finally, Citigroup reissued a “neutral” rating on shares of Outokumpu in a report on Wednesday, May 20th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Outokumpu Trading Up 9.0%

The company has a market cap of $2.93 billion, a price-to-earnings ratio of -20.67 and a beta of 0.75. The company’s fifty day moving average price is $3.24 and its two-hundred day moving average price is $3.00. The company has a quick ratio of 0.60, a current ratio of 1.56 and a debt-to-equity ratio of 0.15.

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.