Outokumpu (OTCMKTS:OUTKY) Receives Consensus Recommendation of “Hold” from Brokerages

Outokumpu (OTCMKTS:OUTKY) has received an average recommendation of “Hold” from the seven brokerages that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating on the company.

Several analysts have recently weighed in on OUTKY shares. Citigroup restated a “neutral” rating on shares of Outokumpu in a research report on Wednesday, May 20th. Oddo Bhf raised Outokumpu to an “outperform” rating in a research note on Tuesday, May 26th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Outokumpu in a research report on Wednesday, May 13th.

Outokumpu Stock Performance

Shares of OUTKY stock opened at $2.84 on Friday. The firm’s 50 day moving average is $3.24 and its 200 day moving average is $3.00. The stock has a market capitalization of $2.69 billion, a P/E ratio of -18.96 and a beta of 0.75. Outokumpu has a 12 month low of $1.89 and a 12 month high of $3.66. The company has a current ratio of 1.56, a quick ratio of 0.60 and a debt-to-equity ratio of 0.15.

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.