Outokumpu (OTCMKTS:OUTKY) Reaches New 1-Year High – Time to Buy?

Shares of Outokumpu (OTCMKTS:OUTKY) reached a new 52-week high on Tuesday . The company traded as high as $2.75 and last traded at $2.71, with a volume of 6145 shares trading hands. The stock had previously closed at $2.74.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Danske raised Outokumpu to a “buy” rating in a research note on Friday, October 3rd. Citigroup reaffirmed a “neutral” rating on shares of Outokumpu in a report on Friday, December 5th. Zacks Research raised shares of Outokumpu from a “strong sell” rating to a “hold” rating in a report on Thursday, January 1st. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Outokumpu from a “buy” rating to a “hold” rating in a research note on Wednesday, October 29th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Outokumpu Stock Performance

The firm’s 50-day moving average price is $2.39 and its 200 day moving average price is $2.18. The company has a market cap of $2.56 billion, a price-to-earnings ratio of -22.58 and a beta of 0.56. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.61 and a current ratio of 1.76.

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

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.