Outokumpu (OTCMKTS:OUTKY) Sets New 12-Month High – Should You Buy?

Outokumpu (OTCMKTS:OUTKY) reached a new 52-week high during trading on Tuesday . The stock traded as high as $2.75 and last traded at $2.71, with a volume of 6145 shares traded. The stock had previously closed at $2.74.

Wall Street Analyst Weigh In

Several brokerages have weighed in on OUTKY. Danske raised shares of Outokumpu to a “buy” rating in a report on Friday, October 3rd. Zacks Research raised Outokumpu from a “strong sell” rating to a “hold” rating in a report on Thursday, January 1st. Deutsche Bank Aktiengesellschaft lowered shares of Outokumpu from a “buy” rating to a “hold” rating in a research report on Wednesday, October 29th. Finally, Citigroup reissued a “neutral” rating on shares of Outokumpu in a report on Friday, December 5th. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold”.

Outokumpu Price Performance

The company has a quick ratio of 0.61, a current ratio of 1.76 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $2.56 billion, a PE ratio of -22.58 and a beta of 0.56. The stock has a 50-day moving average price of $2.40 and a 200 day moving average price of $2.19.

Outokumpu (OTCMKTS:OUTKY) last released its earnings results on Wednesday, October 29th. The company reported ($0.04) EPS for the quarter. Outokumpu had a negative return on equity of 2.90% and a negative net margin of 1.83%.The company had revenue of $1.52 billion for the quarter. Equities analysts forecast that Outokumpu will post 0.07 EPS for the current fiscal year.

About Outokumpu

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.