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

Key Points

• Outokumpu's trading volume surged by 119% with 5,000 shares traded, despite the stock price dropping to $2.27 from a prior close of $2.37.
• Wall Street analysts have mixed views on the stock, with Barclays downgrading it to a "strong sell" rating, while Citigroup maintains a "neutral" stance.
• The company reported a negative EPS of ($0.02) for the last quarter, alongside a revenue of $1.69 billion, reflecting ongoing financial challenges.

Outokumpu (OTCMKTS:OUTKY - Get Free Report) shares saw strong trading volume on Thursday . 5,000 shares were traded during mid-day trading, an increase of 119% from the previous session's volume of 2,278 shares.The stock last traded at $2.27 and had previously closed at $2.37.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Barclays downgraded Outokumpu from a "hold" rating to a "strong sell" rating in a report on Wednesday, July 16th. Citigroup reissued a "neutral" rating on shares of Outokumpu in a report on Wednesday, July 16th. One research analyst has rated the stock with a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Sell".

Outokumpu Price Performance

The company has a debt-to-equity ratio of 0.12, a current ratio of 1.66 and a quick ratio of 0.63. The stock has a market cap of $2.15 billion, a price-to-earnings ratio of -45.40 and a beta of 0.70. The stock has a fifty day moving average of $1.99 and a 200 day moving average of $1.92.

Outokumpu (OTCMKTS:OUTKY - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported ($0.02) EPS for the quarter. Outokumpu had a negative return on equity of 1.33% and a negative net margin of 0.82%.The firm had revenue of $1.69 billion for the quarter. On average, analysts expect that Outokumpu will post 0.07 EPS for the current fiscal year.

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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