Outokumpu (OTCMKTS:OUTKY) Shares Gap Down – Should You Sell?

Outokumpu (OTCMKTS:OUTKY)’s share price gapped down before the market opened on Friday . The stock had previously closed at $3.23, but opened at $3.02. Outokumpu shares last traded at $3.28, with a volume of 201 shares traded.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on OUTKY shares. Citigroup reaffirmed a “neutral” rating on shares of Outokumpu in a research report on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Outokumpu in a research report on Wednesday, May 13th. Finally, Oddo Bhf raised Outokumpu to an “outperform” rating in a report on Tuesday, May 26th. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Outokumpu Stock Performance

The company has a market capitalization of $3.10 billion, a PE ratio of -32.80 and a beta of 0.72. The stock has a 50-day simple moving average of $3.17 and a 200 day simple moving average of $3.08. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.56 and a quick ratio of 0.60.

Outokumpu (OTCMKTS:OUTKY) last posted its earnings results on Thursday, July 30th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.02). Outokumpu had a negative net margin of 1.48% and a negative return on equity of 2.39%. The business had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.97 billion. Equities analysts anticipate that Outokumpu will post 0.14 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.