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Outokumpu (OTCMKTS:OUTKY) Shares Gap Down - Should You Sell?

Outokumpu logo with Basic Materials background

Outokumpu (OTCMKTS:OUTKY - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $2.06, but opened at $1.90. Outokumpu shares last traded at $1.90, with a volume of 1,000 shares.

Outokumpu Stock Down 7.8%

The stock has a market capitalization of $1.75 billion, a P/E ratio of -47.50 and a beta of 0.53. The stock's fifty day simple moving average is $1.85 and its two-hundred day simple moving average is $1.72. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.63 and a current ratio of 1.66.

Outokumpu (OTCMKTS:OUTKY - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.53 billion. As a group, research analysts expect that Outokumpu will post 0.07 EPS for the current fiscal year.

Outokumpu Company Profile

(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.

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