Outokumpu (OTCMKTS:OUTKY) Shares Gap Down – What’s Next?

Shares of Outokumpu (OTCMKTS:OUTKY) gapped down prior to trading on Monday . The stock had previously closed at $3.2950, but opened at $3.00. Outokumpu shares last traded at $3.00, with a volume of 533 shares.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on OUTKY. Oddo Bhf upgraded shares of Outokumpu to an “outperform” rating in a report on Tuesday, May 26th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Outokumpu in a report on Friday, September 4th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Outokumpu in a report on Tuesday. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Outokumpu has a consensus rating of “Hold”.

Outokumpu Price Performance

The company has a current ratio of 1.53, a quick ratio of 0.60 and a debt-to-equity ratio of 0.15. The firm’s 50-day moving average price is $3.18 and its 200-day moving average price is $3.15. The stock has a market capitalization of $2.83 billion, a PE ratio of -29.90 and a beta of 0.72.

Outokumpu (OTCMKTS:OUTKY) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.02). Outokumpu had a negative return on equity of 2.38% and a negative net margin of 1.48%.The company had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.97 billion. On average, equities analysts forecast that Outokumpu will post 0.12 EPS for the current fiscal year.

Outokumpu Company Profile

Outokumpu Oyj is a Finland-based global producer of stainless steel. The company manufactures stainless steel products for industries including construction, automotive, transportation, energy, food and beverage, and industrial equipment. Its product portfolio includes stainless steel coils, sheets, plates, precision strip, long products and other customized materials.

Outokumpu also produces ferrochrome, an important raw material used in stainless steel manufacturing. The company emphasizes high-performance and low-emission stainless steel solutions, including products made with recycled materials and its lower-carbon Circle Green offering.

With roots in Finnish mining and metals operations dating to the early 20th century, Outokumpu has developed into an international metals group serving customers across Europe, the Americas and other global markets.