Outokumpu (OTCMKTS:OUTKY) Reaches New 12-Month High - Time to Buy?

Key Points

• Outokumpu reached a new 52-week high at $2.15 during trading, indicating positive market interest, with a volume of 2000 shares traded.
• Despite the price increase, Wall Street analysts maintain a negative outlook, as evidenced by a consensus average rating of "Sell" for the stock.
• Outokumpu reported a loss of ($0.02) earnings per share for the quarter, alongside a negative net margin of 0.82% and revenue of $1.69 billion.

Shares of Outokumpu (OTCMKTS:OUTKY - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $2.15 and last traded at $2.15, with a volume of 2000 shares changing hands. The stock had previously closed at $2.06.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Barclays cut shares of Outokumpu from a "hold" rating to a "strong sell" rating in a report on Wednesday, July 16th. Citigroup reaffirmed a "neutral" rating on shares of Outokumpu in a report on Wednesday, July 16th. One analyst has rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Sell".

Outokumpu Price Performance

The firm's 50-day moving average is $1.96 and its 200-day moving average is $1.91. The company has a market capitalization of $2.03 billion, a PE ratio of -43.00 and a beta of 0.67. The company has a quick ratio of 0.63, a current ratio of 1.66 and a debt-to-equity ratio of 0.12.

Outokumpu (OTCMKTS:OUTKY - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported ($0.02) earnings per share (EPS) for the quarter. Outokumpu had a negative return on equity of 1.33% and a negative net margin of 0.82%.The company had revenue of $1.69 billion during the quarter. Equities analysts predict that Outokumpu will post 0.07 earnings per share 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.