Outokumpu (OTCMKTS:OUTKY) Shares Gap Up – What’s Next?

Outokumpu (OTCMKTS:OUTKY)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $2.08, but opened at $2.1650. Outokumpu shares last traded at $2.1650, with a volume of 1,442 shares.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on OUTKY shares. Barclays cut Outokumpu from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 16th. Deutsche Bank Aktiengesellschaft lowered shares of Outokumpu from a “buy” rating to a “hold” rating in a report on Wednesday, October 29th. Citigroup reiterated a “neutral” rating on shares of Outokumpu in a research report on Wednesday, July 16th. Finally, Danske raised shares of Outokumpu to a “buy” rating in a research note on Friday, October 3rd. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce”.

Outokumpu Stock Up 4.1%

The business has a fifty day moving average of $2.18 and a 200 day moving average of $2.01. The firm has a market cap of $2.05 billion, a P/E ratio of -18.04 and a beta of 0.71. The company has a quick ratio of 0.63, a current ratio of 1.76 and a debt-to-equity ratio of 0.15.

Outokumpu (OTCMKTS:OUTKY) last issued its quarterly earnings data on Wednesday, October 29th. The company reported ($0.04) earnings per share (EPS) for the quarter. The firm had revenue of $1.52 billion for the quarter. Outokumpu had a negative net margin of 1.83% and a negative return on equity of 2.90%. On average, equities research analysts predict that Outokumpu will post 0.07 EPS for the current year.

Outokumpu Announces Dividend

The business also recently disclosed a dividend, which was paid on Thursday, November 6th. Stockholders of record on Thursday, October 16th were given a dividend of $0.0343 per share. The ex-dividend date of this dividend was Wednesday, October 15th. This represents a dividend yield of 297.0%. Outokumpu’s dividend payout ratio is currently -33.33%.

Outokumpu Company Profile

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.