Free Trial

Outokumpu (OTCMKTS:OUTKY) Sets New 1-Year High - Here's What Happened

Outokumpu logo with Basic Materials background

Outokumpu (OTCMKTS:OUTKY - Get Free Report) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $2.09 and last traded at $2.09, with a volume of 6150 shares trading hands. The stock had previously closed at $2.00.

Outokumpu Trading Down 1.0%

The firm's 50 day simple moving average is $1.89 and its two-hundred day simple moving average is $1.75. The stock has a market cap of $1.89 billion, a P/E ratio of -51.75 and a beta of 0.55. 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 issued its quarterly earnings results on Thursday, May 8th. The company reported ($0.02) earnings per share for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.01). Outokumpu had a negative net margin of 0.57% and a negative return on equity of 0.92%. The business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.53 billion. As a group, equities research analysts predict that Outokumpu will post 0.07 earnings per share for the current fiscal year.

About Outokumpu

(Get Free Report)

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.

Further Reading

Should You Invest $1,000 in Outokumpu Right Now?

Before you consider Outokumpu, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Outokumpu wasn't on the list.

While Outokumpu currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

 The Best Nuclear Energy Stocks to Buy Cover

Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

3 Hot Growth Stocks to Watch Right Now!
Don’t Miss These Top 3 Defense Stocks Set To Gain
Triple-Digit Gains: These 4 Nuclear Stocks Have Even More Upside Ahead

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines