Outokumpu (OTCMKTS:OUTKY – Get Free Report)’s stock price gapped down prior to trading on Friday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $2.5378, but opened at $2.0750. Outokumpu shares last traded at $2.0750, with a volume of 1,900 shares changing hands.
The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.03). Outokumpu had a negative net margin of 1.48% and a negative return on equity of 2.38%.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on OUTKY. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Outokumpu in a report on Friday, September 4th. Citigroup reiterated a “neutral” rating on shares of Outokumpu in a report on Tuesday, September 15th. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Outokumpu has an average rating of “Hold”.
View Our Latest Stock Report on Outokumpu
Outokumpu Stock Down 18.2%
The company’s fifty day simple moving average is $2.89 and its 200-day simple moving average is $3.05. The firm has a market capitalization of $1.96 billion, a PE ratio of -20.75 and a beta of 0.67. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.53 and a quick ratio of 0.60.
About Outokumpu
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.
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