Outokumpu (OTCMKTS:OUTKY) Shares Gap Up - Time to 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.

Shares of Outokumpu (OTCMKTS:OUTKY - Get Free Report) gapped up before the market opened 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 traded.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Barclays downgraded Outokumpu from a "hold" rating to a "strong sell" rating in a research note on Wednesday, July 16th. Citigroup reiterated a "neutral" rating on shares of Outokumpu in a report on Wednesday, July 16th. One analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Outokumpu presently has an average rating of "Sell".

Outokumpu Stock Up 6.9%

The business has a 50 day moving average price of $1.96 and a 200 day moving average price of $1.89. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.66 and a quick ratio of 0.63. The firm has a market capitalization of $1.91 billion, a P/E ratio of -40.40 and a beta of 0.56.

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

Outokumpu Company Profile

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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