Zacks Research Upgrades Outokumpu (OTCMKTS:OUTKY) to Hold

Outokumpu (OTCMKTS:OUTKY) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Thursday,Zacks.com reports.

Several other research firms have also recently commented on OUTKY. Danske raised Outokumpu to a “buy” rating in a report on Friday, October 3rd. Deutsche Bank Aktiengesellschaft cut Outokumpu from a “buy” rating to a “hold” rating in a report on Wednesday, October 29th. Finally, Citigroup reiterated a “neutral” rating on shares of Outokumpu in a report on Friday, December 5th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Outokumpu Stock Performance

OUTKY opened at $2.48 on Thursday. The firm has a market capitalization of $2.35 billion, a PE ratio of -20.67 and a beta of 0.56. Outokumpu has a twelve month low of $1.37 and a twelve month high of $2.51. The firm’s 50-day moving average price is $2.36 and its 200 day moving average price is $2.16. The company has a current ratio of 1.76, a quick ratio of 0.61 and a debt-to-equity ratio of 0.15.

Outokumpu (OTCMKTS:OUTKY) last released its quarterly earnings data on Wednesday, October 29th. The company reported ($0.04) EPS for the quarter. Outokumpu had a negative net margin of 1.83% and a negative return on equity of 2.90%. The business had revenue of $1.52 billion during the quarter. As a group, sell-side analysts expect that Outokumpu will post 0.07 EPS for the current fiscal 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.