Outokumpu (OTCMKTS:OUTKY – Get Free Report)’s share price fell 6% on Friday. The stock traded as low as $2.81 and last traded at $2.81. Approximately 1,000 shares changed hands during mid-day trading, a decline of 66% from the average daily volume of 2,963 shares. The stock had previously closed at $2.99.
Analysts Set New Price Targets
Several research analysts have recently commented on OUTKY shares. Deutsche Bank Aktiengesellschaft reissued 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 research report on Tuesday, September 15th. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold”.
Read Our Latest Report on Outokumpu
Outokumpu Price Performance
Outokumpu (OTCMKTS:OUTKY – Get Free Report) last issued its earnings results on Thursday, July 30th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.02). Outokumpu had a negative return on equity of 2.38% and a negative net margin of 1.48%.The business had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.97 billion. As a group, research analysts predict that Outokumpu will post 0.12 EPS for the current year.
About Outokumpu
Outokumpu Oyj is a Finland-based metals company specializing in stainless steel and related products. Its portfolio includes stainless steel in coils, sheets, plates and long products, as well as specialty grades designed for demanding applications such as corrosion resistance, high temperatures and hygiene. The company also produces ferrochrome, an important raw material used in stainless steel manufacturing.
Outokumpu serves customers across industries including construction, automotive, transportation, energy, food and beverage, and industrial equipment.
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