Outokumpu (OTCMKTS:OUTKY) Sets New 52-Week High - Here's What Happened

Key Points

• Outokumpu's shares reached a new 52-week high of $2.37 during trading, with a significant trading volume of 1010 shares.
• Analysts have a consensus rating of "Sell" on Outokumpu, with Citigroup maintaining a "neutral" rating and Barclays downgrading to "strong sell."
• The company reported a loss of $0.02 EPS for the last quarter, alongside $1.69 billion in revenue, indicating ongoing financial challenges.

Outokumpu (OTCMKTS:OUTKY - Get Free Report) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $2.37 and last traded at $2.37, with a volume of 1010 shares changing hands. The stock had previously closed at $2.20.

Analysts Set New Price Targets

OUTKY has been the subject of several recent research reports. Citigroup reiterated a "neutral" rating on shares of Outokumpu in a research note on Wednesday, July 16th. Barclays cut Outokumpu from a "hold" rating to a "strong sell" rating in a research note on Wednesday, July 16th. One analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Outokumpu currently has a consensus rating of "Sell".

Outokumpu Stock Performance

The firm has a 50 day moving average of $1.98 and a two-hundred day moving average of $1.92. The stock has a market cap of $2.24 billion, a PE ratio of -47.40 and a beta of 0.67. 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 posted its earnings results on Thursday, July 31st. The company reported ($0.02) earnings per share for the quarter. The business had revenue of $1.69 billion for the quarter. Outokumpu had a negative return on equity of 1.33% and a negative net margin of 0.82%. Research analysts predict 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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