Outokumpu (OTCMKTS:OUTKY) Hits New 52-Week High – Should You Buy?

Shares of Outokumpu (OTCMKTS:OUTKY) reached a new 52-week high during trading on Thursday . The company traded as high as $3.4466 and last traded at $3.4466, with a volume of 362 shares traded. The stock had previously closed at $3.15.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on OUTKY shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Outokumpu in a research note on Tuesday, April 14th. Citigroup reissued a “neutral” rating on shares of Outokumpu in a research note on Friday, April 17th. Finally, Jefferies Financial Group cut shares of Outokumpu from a “buy” rating to a “hold” rating in a research note on Friday, January 16th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Outokumpu has a consensus rating of “Hold”.

Outokumpu Price Performance

The stock has a market capitalization of $3.26 billion, a price-to-earnings ratio of -21.54 and a beta of 0.68. The business’s 50-day moving average is $3.04 and its two-hundred day moving average is $2.71. The company has a quick ratio of 0.58, a current ratio of 1.63 and a debt-to-equity ratio of 0.15.

Outokumpu (OTCMKTS:OUTKY) last posted its quarterly earnings results on Thursday, February 12th. The company reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.05. The firm had revenue of $1.35 billion for the quarter. Outokumpu had a negative net margin of 2.55% and a negative return on equity of 4.00%. Equities analysts anticipate that Outokumpu will post 0.01 EPS for the current 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.