Outokumpu (OTCMKTS:OUTKY) Hits New 52-Week High – Still a Buy?

Outokumpu (OTCMKTS:OUTKY)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $2.92 and last traded at $2.92, with a volume of 66370 shares changing hands. The stock had previously closed at $2.76.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft lowered Outokumpu from a “buy” rating to a “hold” rating in a research report on Wednesday, October 29th. Zacks Research raised Outokumpu from a “strong sell” rating to a “hold” rating in a report on Thursday, January 1st. Citigroup reiterated a “neutral” rating on shares of Outokumpu in a research report on Thursday, January 22nd. Finally, Jefferies Financial Group downgraded shares of Outokumpu from a “buy” rating to a “hold” rating in a research note on Friday, January 16th. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold”.

Outokumpu Trading Up 6.7%

The stock has a market cap of $2.79 billion, a PE ratio of -24.58 and a beta of 0.56. The firm has a 50-day moving average price of $2.57 and a 200-day moving average price of $2.28. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.61 and a current ratio of 1.76.

Outokumpu Company Profile

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.