Outokumpu (OUTKY) to Release Earnings on Thursday

Outokumpu (OTCMKTS:OUTKY) is expected to release its results before the market opens on Thursday, February 12th. Analysts expect Outokumpu to post earnings of ($0.13) per share for the quarter.

Outokumpu Stock Performance

OTCMKTS OUTKY opened at $2.77 on Thursday. Outokumpu has a 52 week low of $1.51 and a 52 week high of $2.77. The company has a 50 day moving average price of $2.55 and a 200 day moving average price of $2.27. The company has a quick ratio of 0.61, a current ratio of 1.76 and a debt-to-equity ratio of 0.15. The firm has a market cap of $2.62 billion, a PE ratio of -23.04 and a beta of 0.59.

Wall Street Analyst Weigh In

OUTKY has been the subject of several analyst reports. Citigroup reiterated a “neutral” rating on shares of Outokumpu in a report on Thursday, January 22nd. Jefferies Financial Group downgraded Outokumpu from a “buy” rating to a “hold” rating in a report on Friday, January 16th. Zacks Research upgraded shares of Outokumpu from a “strong sell” rating to a “hold” rating in a report on Thursday, January 1st. Finally, Deutsche Bank Aktiengesellschaft cut shares of Outokumpu from a “buy” rating to a “hold” rating in a research note on Wednesday, October 29th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

About Outokumpu

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.