Outokumpu (OTCMKTS:OUTKY) Sees Unusually-High Trading Volume - Still a Buy?

Shares of Outokumpu (OTCMKTS:OUTKY - Get Free Report) saw an uptick in trading volume on Friday . 8,000 shares changed hands during trading, an increase of 214% from the previous session's volume of 2,546 shares.The stock last traded at $2.07 and had previously closed at $2.09.

Outokumpu Trading Down 2.9%

The stock has a market capitalization of $1.85 billion, a P/E ratio of -50.75 and a beta of 0.55. The firm's 50 day moving average price is $1.90 and its 200 day moving average price is $1.76. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.66 and a quick ratio of 0.63.

Outokumpu (OTCMKTS:OUTKY - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.01). The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.53 billion. Outokumpu had a negative net margin of 0.57% and a negative return on equity of 0.92%. As a group, equities research analysts expect that Outokumpu will post 0.07 earnings per share for the current fiscal year.

Outokumpu Company Profile

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.