Zacks Investment Research upgraded shares of OUTOKUMPU OYJ/ADR (OTCMKTS:OUTKY) from a sell rating to a hold rating in a research note released on Friday morning.
According to Zacks, “Outokumpu Oyj is engages in the manufacturing of stainless steel. Its business area consists of Stainless Coil EMEA, Stainless Coil Americas, Stainless APAC and High Performance Stainless and Alloy. The company operates primarily in Europe, Middle East and Africa, Americas and Asia-Pacific. Outokumpu Oyj is headquartered in Espoo, Finland. “
Separately, ValuEngine cut OUTOKUMPU OYJ/ADR from a hold rating to a sell rating in a research report on Friday, August 3rd.
OUTKY stock remained flat at $$2.75 during mid-day trading on Friday. The company’s stock had a trading volume of 1 shares, compared to its average volume of 10. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.48 and a current ratio of 1.08. The company has a market capitalization of $2.29 billion, a P/E ratio of 7.43 and a beta of -0.21. OUTOKUMPU OYJ/ADR has a 12-month low of $2.85 and a 12-month high of $5.38.
OUTOKUMPU OYJ/ADR (OTCMKTS:OUTKY) last posted its quarterly earnings results on Tuesday, July 24th. The company reported $0.04 earnings per share for the quarter. The firm had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.03 billion. OUTOKUMPU OYJ/ADR had a return on equity of 6.60% and a net margin of 2.69%. equities analysts forecast that OUTOKUMPU OYJ/ADR will post 0.18 EPS for the current fiscal year.
About OUTOKUMPU OYJ/ADR
Outokumpu Oyj produces and sells various stainless steel products in Finland, Germany, Sweden, the United Kingdom, other European countries, Asia and Oceania, and internationally. The company provides stainless steel bars, coils and sheets, steel precision strips, rebars, and wire rods; and semi-finished products, such as cast billets and blooms, cast slabs, stainless steel ingots, and rolled and forged billets, as well as pipes.
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