Outokumpu (OTCMKTS:OUTKY) Receives Consensus Rating of “Hold” from Brokerages

Outokumpu (OTCMKTS:OUTKY) has been given an average recommendation of “Hold” by the five research firms that are presently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company.

A number of analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Outokumpu in a report on Friday, September 4th. Citigroup restated a “neutral” rating on shares of Outokumpu in a research report on Tuesday, September 15th.

Outokumpu Stock Up 0.4%

Outokumpu stock opened at $2.82 on Tuesday. Outokumpu has a 12 month low of $1.90 and a 12 month high of $3.66. The stock has a fifty day simple moving average of $3.15 and a two-hundred day simple moving average of $3.12. The company has a current ratio of 1.53, a quick ratio of 0.60 and a debt-to-equity ratio of 0.15. The firm has a market cap of $2.67 billion, a price-to-earnings ratio of -28.20 and a beta of 0.65.

Outokumpu (OTCMKTS:OUTKY) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.02). Outokumpu had a negative net margin of 1.48% and a negative return on equity of 2.38%. The business had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.97 billion. Equities analysts predict that Outokumpu will post 0.12 EPS for the current fiscal 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.