Outokumpu (OTCMKTS:OUTKY) Sees Unusually-High Trading Volume – What’s Next?

Outokumpu (OTCMKTS:OUTKY) saw unusually-strong trading volume on Friday. 85,001 shares changed hands during trading, an increase of 3,311% from the average daily volume of 2,492 shares. The stock last traded at $2.43 and had previously closed at $2.46.

Wall Street Analysts Forecast Growth

Several brokerages have commented on OUTKY. Citigroup restated a “neutral” rating on shares of Outokumpu in a research report on Tuesday, September 15th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Outokumpu in a report on Friday, September 4th. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Outokumpu has an average rating of “Hold”.

Outokumpu Stock Down 5.0%

The company has a market cap of $2.32 billion, a PE ratio of -24.50 and a beta of 0.65. The firm has a 50-day simple moving average of $2.94 and a two-hundred day simple moving average of $3.05. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.53 and a quick ratio of 0.60.

Outokumpu (OTCMKTS:OUTKY) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.02). The company had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.97 billion. Outokumpu had a negative net margin of 1.48% and a negative return on equity of 2.38%. Research analysts anticipate that Outokumpu will post 0.10 earnings per share for the current fiscal year.

Outokumpu Company Profile

Outokumpu Oyj is a Finland-based stainless steel manufacturer serving customers across Europe, the Americas and other international markets. The company produces stainless steel for applications in industries including construction, automotive, transportation, energy, food processing and industrial equipment.

Its product portfolio includes stainless steel coils, sheets, plates, strips and long products, along with specialized grades designed for demanding environments. Outokumpu also produces ferrochrome, an important raw material used in stainless steel manufacturing, and provides related technical, processing and customer support services.

Outokumpu traces its origins to 1910, when copper ore was discovered in Outokumpu, Finland.