OUTOKUMPU OYJ/ADR (OUTKY) Stock Rating Upgraded by Zacks Investment Research

OUTOKUMPU OYJ/ADR (OTCMKTS:OUTKY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Thursday.

According to Zacks, “Outokumpu Oyj is engages in the manufacturing of stainless steel. Its business area consists of Stainless Coil EMEA, Stainless Coil Americas, Stainless APAC and High Performance Stainless and Alloy. The company operates primarily in Europe, Middle East and Africa, Americas and Asia-Pacific. Outokumpu Oyj is headquartered in Espoo, Finland. “

OTCMKTS:OUTKY opened at $2.03 on Thursday. The stock has a market capitalization of $1.69 billion, a price-to-earnings ratio of 1.99 and a beta of 1.15. OUTOKUMPU OYJ/ADR has a 12 month low of $2.03 and a 12 month high of $4.35. The company has a current ratio of 1.09, a quick ratio of 0.46 and a debt-to-equity ratio of 0.28.

OUTOKUMPU OYJ/ADR (OTCMKTS:OUTKY) last released its quarterly earnings results on Friday, October 26th. The company reported $0.04 EPS for the quarter. The firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.16 billion. OUTOKUMPU OYJ/ADR had a net margin of 3.41% and a return on equity of 8.63%. Research analysts predict that OUTOKUMPU OYJ/ADR will post 0.14 earnings per share for the current fiscal year.

About OUTOKUMPU OYJ/ADR

Outokumpu Oyj produces and sells various stainless steel products in Finland, Germany, Sweden, the United Kingdom, other European countries, Asia and Oceania, and internationally. The company provides stainless steel bars, coils and sheets, steel precision strips, rebars, and wire rods; and semi-finished products, such as cast billets and blooms, cast slabs, stainless steel ingots, and rolled and forged billets, as well as pipes.

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