OUTOKUMPU OYJ/ADR (OTCMKTS:OUTKY) Stock Price Passes Below Fifty Day Moving Average of $1.47

OUTOKUMPU OYJ/ADR (OTCMKTS:OUTKY)’s share price passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $1.47 and traded as low as $1.24. OUTOKUMPU OYJ/ADR shares last traded at $1.24, with a volume of 100 shares changing hands.

Several equities research analysts have recently issued reports on OUTKY shares. Zacks Investment Research cut shares of OUTOKUMPU OYJ/ADR from a “buy” rating to a “hold” rating in a research report on Thursday, August 13th. ValuEngine upgraded shares of OUTOKUMPU OYJ/ADR from a “hold” rating to a “buy” rating in a research report on Saturday, September 5th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $1.75.

The company has a debt-to-equity ratio of 0.51, a current ratio of 1.32 and a quick ratio of 0.63. The firm has a market cap of $1.02 billion, a P/E ratio of -17.71 and a beta of 0.82. The stock’s 50-day simple moving average is $1.47 and its two-hundred day simple moving average is $1.52.

OUTOKUMPU OYJ/ADR (OTCMKTS:OUTKY) last issued its earnings results on Friday, August 7th. The company reported ($0.05) earnings per share (EPS) for the quarter. The company had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.48 billion. OUTOKUMPU OYJ/ADR had a negative net margin of 0.95% and a negative return on equity of 2.21%. As a group, sell-side analysts expect that OUTOKUMPU OYJ/ADR will post -0.12 earnings per share for the current year.

About OUTOKUMPU OYJ/ADR (OTCMKTS:OUTKY)

Outokumpu Oyj produces and sells various stainless steel products in Finland, Germany, Sweden, the United Kingdom, other European countries, Asia and Oceania, and internationally. It offers cold rolled coils, strips, and sheets; precision strips; hot rolled coils, strips, and plates; quarto plates; semi-finished stainless steel long products; stainless steel bars, rebars, wires, and wire rods; welded stainless steel I-beams, H-beams, hollow-section tubes, and bent profiles for load-bearing structures; blancs and discs; suction roll shell blanks; and customized press plates and ready-to-use plates.

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