Outokumpu (OTCMKTS:OUTKY) Shares Up 6.1% – Still a Buy?

Outokumpu (OTCMKTS:OUTKY)’s share price shot up 6.1% on Friday . The stock traded as high as $3.30 and last traded at $3.30. 215 shares traded hands during mid-day trading, a decline of 98% from the average session volume of 11,567 shares. The stock had previously closed at $3.11.

Analyst Ratings Changes

A number of research analysts recently issued reports on OUTKY shares. Citigroup reaffirmed a “neutral” rating on shares of Outokumpu in a report on Thursday, January 22nd. Zacks Research upgraded shares of Outokumpu from a “strong sell” rating to a “hold” rating in a report on Thursday, January 1st. Finally, Jefferies Financial Group cut shares of Outokumpu from a “buy” rating to a “hold” rating in a report on Friday, January 16th. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold”.

Outokumpu Stock Performance

The firm’s fifty day simple moving average is $2.74 and its 200 day simple moving average is $2.38. The company has a market capitalization of $3.12 billion, a price-to-earnings ratio of -20.63 and a beta of 0.59. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.76 and a quick ratio of 0.61.

Outokumpu (OTCMKTS:OUTKY) last issued its quarterly earnings results on Thursday, February 12th. The company reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.13) by $0.05. Outokumpu had a negative net margin of 2.55% and a negative return on equity of 3.97%. The business had revenue of $1.35 billion during the quarter. On average, sell-side analysts forecast that Outokumpu will post 0.07 EPS for the current year.

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.