Outokumpu (OTCMKTS:OUTKY) Shares Up 9% – Still a Buy?

Outokumpu (OTCMKTS:OUTKY)’s stock price was up 9% on Friday . The company traded as high as $3.10 and last traded at $3.10. 924 shares traded hands during mid-day trading, a decline of 74% from the average daily volume of 3,492 shares. The stock had previously closed at $2.8444.

Wall Street Analysts Forecast Growth

OUTKY has been the subject of a number of research analyst reports. Citigroup reaffirmed a “neutral” rating on shares of Outokumpu in a report on Wednesday, May 20th. Oddo Bhf upgraded shares of Outokumpu to an “outperform” rating in a research report on Tuesday, May 26th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Outokumpu in a research note on Wednesday, May 13th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold”.

Outokumpu Price Performance

The company has a market capitalization of $2.93 billion, a price-to-earnings ratio of -20.67 and a beta of 0.75. The company has a current ratio of 1.56, a quick ratio of 0.60 and a debt-to-equity ratio of 0.15. The company has a 50 day moving average price of $3.24 and a 200 day moving average price of $3.00.

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.