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

Key Points

• Outokumpu's stock price gapped down to $1.89 from a previous close of $1.99, with only 100 shares traded.
• Analysts have set an average rating of "Sell" on Outokumpu, with Barclays downgrading its rating from "hold" to "strong sell."
• The company posted a negative EPS of ($0.02) in its latest earnings report, along with a revenue of $1.69 billion.

Outokumpu (OTCMKTS:OUTKY - Get Free Report)'s stock price gapped down before the market opened on Monday . The stock had previously closed at $1.99, but opened at $1.89. Outokumpu shares last traded at $1.89, with a volume of 100 shares traded.

Analysts Set New Price Targets

OUTKY has been the subject of a number of recent research reports. Citigroup reiterated a "neutral" rating on shares of Outokumpu in a research note on Wednesday, July 16th. Barclays cut shares of Outokumpu from a "hold" rating to a "strong sell" rating in a research note on Wednesday, July 16th. One research 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 has an average rating of "Sell".

Outokumpu Price Performance

The company has a market cap of $1.79 billion, a price-to-earnings ratio of -37.80 and a beta of 0.56. The company has a current ratio of 1.66, a quick ratio of 0.63 and a debt-to-equity ratio of 0.12. The company's 50 day moving average price is $2.00 and its 200 day moving average price is $1.87.

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