Outokumpu (OUTKY) Projected to Post Quarterly Earnings on Wednesday

Outokumpu (OTCMKTS:OUTKY) is anticipated to announce its results before the market opens on Wednesday, November 4th. Analysts expect the company to post earnings of $0.0577 per share and revenue of $1.78 billion for the quarter.

Outokumpu Stock Performance

Shares of OUTKY stock opened at $2.54 on Tuesday. The company has a current ratio of 1.53, a quick ratio of 0.60 and a debt-to-equity ratio of 0.15. Outokumpu has a fifty-two week low of $1.90 and a fifty-two week high of $3.66. The stock has a 50 day moving average price of $2.93 and a two-hundred day moving average price of $3.05.

Analyst Ratings Changes

Several brokerages recently commented on OUTKY. Citigroup reaffirmed a “neutral” rating on shares of Outokumpu in a research note on Tuesday, September 15th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Outokumpu in a report on Friday, September 4th. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Outokumpu currently has an average rating of “Hold”.

Outokumpu Company Profile

Outokumpu Oyj is a Finland-based stainless steel manufacturer serving customers across Europe, the Americas and other international markets. The company produces stainless steel for applications in industries including construction, automotive, transportation, energy, food processing and industrial equipment.

Its product portfolio includes stainless steel coils, sheets, plates, strips and long products, along with specialized grades designed for demanding environments. Outokumpu also produces ferrochrome, an important raw material used in stainless steel manufacturing, and provides related technical, processing and customer support services.

Outokumpu traces its origins to 1910, when copper ore was discovered in Outokumpu, Finland.