Outokumpu (OTCMKTS:OUTKY) Shares Gap Up - Here's Why

Outokumpu (OTCMKTS:OUTKY - Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $1.90, but opened at $2.00. Outokumpu shares last traded at $2.00, with a volume of 1,500 shares.

Outokumpu Price Performance

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 company's 50-day simple moving average is $1.87 and its 200-day simple moving average is $1.73. The company has a market cap of $1.83 billion, a price-to-earnings ratio of -50.00 and a beta of 0.55.

Outokumpu (OTCMKTS:OUTKY - Get Free Report) last announced its earnings results 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 firm had revenue of $1.60 billion during the quarter, compared to analysts' expectations of $1.53 billion. On average, equities research analysts anticipate that Outokumpu will post 0.07 EPS 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.