Outokumpu (OTCMKTS:OUTKY) Shares Gap Up - Still a Buy?

Key Points

• Outokumpu shares experienced a gap up opening at $2.01 after closing at $1.89, with a trading volume of 5,000 shares.
• Analysts have issued an average rating of "Sell" for Outokumpu, with Barclays downgrading the stock from "hold" to "strong sell."
• The company's recent earnings report showed a negative EPS of ($0.02) and a revenue of $1.69 billion, with analysts predicting a modest earnings per share of 0.07 for the current year.

Outokumpu (OTCMKTS:OUTKY - Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $1.89, but opened at $2.01. Outokumpu shares last traded at $2.01, with a volume of 5,000 shares trading hands.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on OUTKY. Citigroup reissued a "neutral" rating on shares of Outokumpu in a research report on Wednesday, July 16th. Barclays lowered shares of Outokumpu from a "hold" rating to a "strong sell" rating in a research report on Wednesday, July 16th. One analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Outokumpu has an average rating of "Sell".

Outokumpu Price Performance

The stock's fifty day moving average is $1.96 and its two-hundred day moving average is $1.90. 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 firm has a market cap of $1.95 billion, a P/E ratio of -41.20 and a beta of 0.67.

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. 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 for the quarter. As a group, research analysts anticipate 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.