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

Outokumpu (OTCMKTS:OUTKY - Get Free Report)'s stock price gapped up before the market opened 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 changing hands.

Outokumpu Stock Up 5.3%

The company has a market cap of $1.83 billion, a price-to-earnings ratio of -50.00 and a beta of 0.53. 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 business has a fifty day moving average price of $1.86 and a two-hundred day moving average price of $1.73.

Outokumpu (OTCMKTS:OUTKY - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported ($0.02) EPS for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.01). The company had revenue of $1.60 billion for the quarter, compared to analysts' expectations of $1.53 billion. Outokumpu had a negative net margin of 0.57% and a negative return on equity of 0.92%. On average, equities 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.