Outokumpu (OTCMKTS:OUTKY) Rating Lowered to “Strong Sell” at Zacks Research

Outokumpu (OTCMKTS:OUTKY) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Thursday,Zacks.com reports.

Other equities research analysts have also issued reports about the stock. Citigroup reaffirmed a “neutral” rating on shares of Outokumpu in a report on Wednesday, July 16th. Barclays cut Outokumpu from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 16th. Deutsche Bank Aktiengesellschaft cut Outokumpu from a “buy” rating to a “hold” rating in a report on Wednesday, October 29th. Finally, Danske raised shares of Outokumpu to a “buy” rating in a research note on Friday, October 3rd. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce”.

Outokumpu Stock Performance

Outokumpu stock traded up $0.03 during midday trading on Thursday, hitting $2.21. The stock had a trading volume of 459 shares, compared to its average volume of 2,086. The company has a current ratio of 1.76, a quick ratio of 0.63 and a debt-to-equity ratio of 0.15. Outokumpu has a 52-week low of $1.37 and a 52-week high of $2.41. The company has a market capitalization of $2.09 billion, a PE ratio of -18.42 and a beta of 0.71. The firm’s fifty day moving average is $2.20 and its two-hundred day moving average is $2.02.

Outokumpu (OTCMKTS:OUTKY) last announced its quarterly earnings data on Wednesday, October 29th. The company reported ($0.04) EPS for the quarter. The firm had revenue of $1.52 billion for the quarter. Outokumpu had a negative net margin of 1.83% and a negative return on equity of 2.90%. On average, research analysts forecast that Outokumpu will post 0.07 EPS for the current year.

Outokumpu Company Profile

Outokumpu Oyj produces and sells various stainless steel products in Finland, other European countries, North America, the Asia-Pacific, and internationally. The company operates through three segments: Europe, Americas, and Ferrochrome. It offers cold rolled coils, strips, and sheets; hot rolled coils, strips, and plates; quarto plates; precision strips; and specialized components, such as welded stainless-steel I-beams, H-beams, hollow-section tubes, bent profiles, structural sections, hardened and customized press plates, suction roll shells, and blancs and disks.