Zacks Investment Research upgraded shares of Outokumpu Oyj (NASDAQ:OUTKY) from a sell rating to a hold rating in a report issued on Friday.

According to Zacks, “Outokumpu Oyj is engages in the manufacturing of stainless steel. Its business area consists of Stainless Coil EMEA, Stainless Coil Americas, Stainless APAC and High Performance Stainless and Alloy. The company operates primarily in Europe, Middle East and Africa, Americas and Asia-Pacific. Outokumpu Oyj is headquartered in Espoo, Finland. “

Outokumpu Oyj (OUTKY) remained flat at $4.48 during mid-day trading on Friday. The firm has a 50 day moving average price of $4.41 and a 200-day moving average price of $4.56. The company has a market capitalization of $3.69 billion and a PE ratio of 6.59. Outokumpu Oyj has a 12-month low of $2.85 and a 12-month high of $5.43.

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