OUTOKUMPU OYJ/ADR (OTCMKTS:OUTKY) Cut to Sell at Zacks Investment Research

Zacks Investment Research cut shares of OUTOKUMPU OYJ/ADR (OTCMKTS:OUTKY) from a hold rating to a sell rating in a report released on Tuesday, Zacks.com reports.

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. “

Separately, ValuEngine raised OUTOKUMPU OYJ/ADR from a hold rating to a buy rating in a report on Wednesday, October 2nd.

Shares of OUTOKUMPU OYJ/ADR stock opened at $1.54 on Tuesday. The company has a quick ratio of 0.40, a current ratio of 1.00 and a debt-to-equity ratio of 0.27. The firm has a market cap of $1.27 billion, a P/E ratio of 8.11 and a beta of 0.85. OUTOKUMPU OYJ/ADR has a fifty-two week low of $1.31 and a fifty-two week high of $2.16. The business has a 50-day moving average price of $1.54 and a 200 day moving average price of $1.43.

OUTOKUMPU OYJ/ADR (OTCMKTS:OUTKY) last announced its quarterly earnings data on Thursday, October 31st. The company reported ($0.03) earnings per share for the quarter. The firm had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.71 billion. OUTOKUMPU OYJ/ADR had a negative net margin of 0.49% and a negative return on equity of 1.20%. As a group, equities research analysts anticipate that OUTOKUMPU OYJ/ADR will post -0.13 earnings per share for the current year.

OUTOKUMPU OYJ/ADR Company Profile

Outokumpu Oyj produces and sells various stainless steel products in Finland, Germany, Sweden, the United Kingdom, other European countries, Asia and Oceania, and internationally. It offers cold rolled coils, strips, and sheets; precision strips; hot rolled coils, strips, and plates; quarto plates; semi-finished stainless steel long products; stainless steel bars, rebars, wires, and wire rods; welded stainless steel I-beams, H-beams, hollow-section tubes, and bent profiles for load-bearing structures; blancs and discs; suction roll shell blanks; and customized press plates and ready-to-use plates.

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