Outokumpu (OTCMKTS:OUTKY) Releases Earnings Results

Key Points

• Outokumpu reported earnings of ($0.02) per share for the quarter, with revenue of $1.69 billion and a negative return on equity of 0.92%.
• After the earnings results, Barclays downgraded Outokumpu from a "hold" rating to a "strong sell", while Citigroup maintained a "neutral" rating.
• Outokumpu's stock price remained flat at $1.90, with a market cap of $1.87 billion and a PE ratio of -47.50.

Outokumpu (OTCMKTS:OUTKY - Get Free Report) issued its earnings results on Thursday. The company reported ($0.02) earnings per share for the quarter, Zacks reports. Outokumpu had a negative return on equity of 0.92% and a negative net margin of 0.57%. The firm had revenue of $1.69 billion for the quarter.

Outokumpu Price Performance

Shares of OUTKY stock remained flat at $1.90 on Friday. The company has a quick ratio of 0.63, a current ratio of 1.66 and a debt-to-equity ratio of 0.12. The firm has a market cap of $1.87 billion, a PE ratio of -47.50 and a beta of 0.55. Outokumpu has a fifty-two week low of $1.37 and a fifty-two week high of $2.10. The firm's 50-day moving average is $1.95 and its 200-day moving average is $1.81.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Barclays downgraded Outokumpu from a "hold" rating to a "strong sell" rating in a report on Wednesday, July 16th. Citigroup reiterated a "neutral" rating on shares of Outokumpu in a report on Wednesday, July 16th.

About Outokumpu

Outokumpu Oyj produces and sells various stainless steel products in Finland, other European countries, North America, the Asia-Pacific, and internationally. The company operates through three segments: Europe, Americas, and Ferrochrome. It offers cold rolled coils, strips, and sheets; hot rolled coils, strips, and plates; quarto plates; precision strips; and specialized components, such as welded stainless-steel I-beams, H-beams, hollow-section tubes, bent profiles, structural sections, hardened and customized press plates, suction roll shells, and blancs and disks.

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