Outokumpu (OTCMKTS:OUTKY) Shares Gap Down – Should You Sell?

Outokumpu (OTCMKTS:OUTKY) shares gapped down before the market opened on Monday . The stock had previously closed at $3.28, but opened at $2.65. Outokumpu shares last traded at $2.65, with a volume of 246 shares changing hands.

Wall Street Analysts Forecast Growth

OUTKY has been the subject of a number of research reports. Oddo Bhf raised shares of Outokumpu to an “outperform” rating in a research note on Tuesday, May 26th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Outokumpu in a report on Wednesday, May 13th. Finally, Citigroup reissued a “neutral” rating on shares of Outokumpu in a report on Wednesday, May 20th. Two investment analysts have 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 data from MarketBeat, the stock has an average rating of “Hold”.

Outokumpu Trading Down 19.2%

The firm has a market cap of $2.51 billion, a price-to-earnings ratio of -17.67 and a beta of 0.71. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.60 and a current ratio of 1.56. The company has a 50 day moving average price of $3.30 and a 200 day moving average price of $2.97.

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.