Outokumpu (OTCMKTS:OUTKY) Hits New 12-Month High – Here’s What Happened

Outokumpu (OTCMKTS:OUTKY)’s share price hit a new 52-week high on Wednesday . The stock traded as high as $3.66 and last traded at $3.66, with a volume of 380 shares trading hands. The stock had previously closed at $3.52.

Analyst Ratings Changes

A number of equities analysts have issued reports on OUTKY shares. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Outokumpu in a research report on Wednesday, May 13th. Citigroup reaffirmed a “neutral” rating on shares of Outokumpu in a research note on Wednesday, May 20th. Finally, Oddo Bhf upgraded Outokumpu to an “outperform” rating in a research report on Tuesday, May 26th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Outokumpu has an average rating of “Hold”.

Outokumpu Stock Up 4.0%

The company has a current ratio of 1.63, a quick ratio of 0.58 and a debt-to-equity ratio of 0.15. The business has a fifty day simple moving average of $3.23 and a two-hundred day simple moving average of $2.93. The company has a market cap of $3.46 billion, a PE ratio of -24.40 and a beta of 0.71.

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.