Outokumpu (OTCMKTS:OUTKY) Receives Consensus Recommendation of “Reduce” from Analysts

Outokumpu (OTCMKTS:OUTKY) has received a consensus recommendation of “Reduce” from the six brokerages that are covering the firm, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and one has given a buy recommendation to the company.

Several analysts have commented on the stock. Deutsche Bank Aktiengesellschaft cut shares of Outokumpu from a “buy” rating to a “hold” rating in a research report on Wednesday, October 29th. Citigroup reiterated a “neutral” rating on shares of Outokumpu in a report on Friday, December 5th. Danske upgraded Outokumpu to a “buy” rating in a report on Friday, October 3rd. Finally, Zacks Research cut Outokumpu from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 13th.

Outokumpu Stock Performance

Outokumpu stock opened at $2.37 on Wednesday. The company has a market cap of $2.24 billion, a PE ratio of -19.75 and a beta of 0.62. The company has a current ratio of 1.76, a quick ratio of 0.61 and a debt-to-equity ratio of 0.15. Outokumpu has a 1 year low of $1.37 and a 1 year high of $2.41. The company’s 50-day moving average is $2.31 and its two-hundred day moving average is $2.11.

Outokumpu (OTCMKTS:OUTKY) last posted its quarterly earnings results on Wednesday, October 29th. The company reported ($0.04) earnings per share for the quarter. Outokumpu had a negative return on equity of 2.90% and a negative net margin of 1.83%.The business had revenue of $1.52 billion for the quarter. Equities analysts anticipate that Outokumpu will post 0.07 earnings per share for the current year.

Outokumpu Announces Dividend

The company also recently announced a dividend, which was paid on Thursday, November 6th. Shareholders of record on Thursday, October 16th were paid a $0.0343 dividend. This represents a yield of 297.0%. The ex-dividend date of this dividend was Wednesday, October 15th. Outokumpu’s dividend payout ratio is presently -41.67%.

About Outokumpu

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.