Outokumpu (OTCMKTS:OUTKY) Shares Gap Up – Still a Buy?

Outokumpu (OTCMKTS:OUTKY) gapped up before the market opened on Tuesday . The stock had previously closed at $2.21, but opened at $2.37. Outokumpu shares last traded at $2.37, with a volume of 100 shares.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Zacks Research cut shares of Outokumpu from a “hold” rating to a “strong sell” rating in a report on Thursday, November 13th. Citigroup reissued a “neutral” rating on shares of Outokumpu in a research report on Friday, December 5th. Deutsche Bank Aktiengesellschaft lowered Outokumpu from a “buy” rating to a “hold” rating in a research report on Wednesday, October 29th. Finally, Danske raised Outokumpu to a “buy” rating in a research note on Friday, October 3rd. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, Outokumpu presently has a consensus rating of “Reduce”.

Outokumpu Price Performance

The stock has a market capitalization of $2.24 billion, a P/E ratio of -19.75 and a beta of 0.62. The business’s 50 day simple moving average is $2.31 and its two-hundred day simple moving average is $2.11. The company has a quick ratio of 0.61, a current ratio of 1.76 and a debt-to-equity ratio of 0.15.

Outokumpu (OTCMKTS:OUTKY) last posted 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 business had revenue of $1.52 billion for the quarter. As a group, sell-side analysts forecast that Outokumpu will post 0.07 earnings per share for the current fiscal year.

Outokumpu Announces Dividend

The business also recently disclosed a dividend, which was paid on Thursday, November 6th. Shareholders of record on Thursday, October 16th were issued a dividend of $0.0343 per share. This represents a yield of 297.0%. The ex-dividend date of this dividend was Wednesday, October 15th. Outokumpu’s payout ratio is currently -41.67%.

About Outokumpu

Outokumpu Oyj produces and sells various stainless steel products in Finland, other European countries, North America, the Asia-Pacific, and internationally. The company operates through three segments: Europe, Americas, and Ferrochrome. It offers cold rolled coils, strips, and sheets; hot rolled coils, strips, and plates; quarto plates; precision strips; and specialized components, such as welded stainless-steel I-beams, H-beams, hollow-section tubes, bent profiles, structural sections, hardened and customized press plates, suction roll shells, and blancs and disks.