Shares of Outokumpu Oyj (OTCMKTS:OUTFF – Get Free Report) dropped 9.4% on Friday . The stock traded as low as $2.72 and last traded at $2.72. Approximately 313 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 2,470 shares. The stock had previously closed at $3.01.
Outokumpu Oyj Stock Down 9.4%
The firm’s 50 day moving average is $3.00 and its two-hundred day moving average is $3.02.
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.
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