Outokumpu (OTCMKTS:OUTKY) Shares Gap Down - What's Next?

Shares of 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 trading hands.

Outokumpu Stock Up 5.3%

The firm has a 50 day moving average price of $1.86 and a 200 day moving average price of $1.73. 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) EPS for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.01). Outokumpu had a negative return on equity of 0.92% and a negative net margin of 0.57%. The company had revenue of $1.60 billion during the quarter, compared to analysts' expectations of $1.53 billion. Sell-side 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.