Outokumpu Oyj (OTCMKTS:OUTKY) Trading Up 8.4% – What’s Next?

Outokumpu Oyj (OTCMKTS:OUTKY)’s stock price traded up 8.4% during trading on Friday . The stock traded as high as $1.93 and last traded at $1.93. 9,700 shares changed hands during trading, an increase of 265% from the average session volume of 2,660 shares. The stock had previously closed at $1.78.

Wall Street Analysts Forecast Growth

Separately, BNP Paribas lowered shares of Outokumpu Oyj from a “hold” rating to a “strong sell” rating in a research report on Friday, January 3rd.

Outokumpu Oyj Stock Performance

The company has a quick ratio of 0.53, a current ratio of 1.54 and a debt-to-equity ratio of 0.07. The stock has a market cap of $1.76 billion, a price-to-earnings ratio of -38.60 and a beta of 0.80. The company’s 50-day simple moving average is $1.60 and its 200-day simple moving average is $1.68.

Outokumpu Oyj (OTCMKTS:OUTKY) last posted its quarterly earnings data on Thursday, February 13th. The company reported ($0.04) earnings per share for the quarter. The firm had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.37 billion. Outokumpu Oyj had a negative return on equity of 1.06% and a negative net margin of 0.66%. Analysts predict that Outokumpu Oyj will post 0.07 EPS for the current fiscal year.

About Outokumpu Oyj

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.