Outokumpu (OTCMKTS:OUTKY) Reaches New 12-Month High – What’s Next?

Outokumpu (OTCMKTS:OUTKY) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $2.92 and last traded at $2.92, with a volume of 66370 shares traded. The stock had previously closed at $2.76.

Analysts Set New Price Targets

A number of analysts have recently issued reports on OUTKY shares. Jefferies Financial Group cut Outokumpu from a “buy” rating to a “hold” rating in a research report on Friday, January 16th. Zacks Research upgraded shares of Outokumpu from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 1st. Deutsche Bank Aktiengesellschaft lowered Outokumpu from a “buy” rating to a “hold” rating in a research note on Wednesday, October 29th. Finally, Citigroup reissued a “neutral” rating on shares of Outokumpu in a report on Thursday, January 22nd. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

Outokumpu Price Performance

The firm has a market cap of $2.79 billion, a price-to-earnings ratio of -24.58 and a beta of 0.56. The company has a current ratio of 1.76, a quick ratio of 0.61 and a debt-to-equity ratio of 0.15. The company’s 50-day moving average is $2.57 and its 200-day moving average is $2.28.

Outokumpu Company Profile

Outokumpu Oyj is a Finland-based global producer of stainless steel products and one of Europe’s leading stainless steel manufacturers. Headquartered in Helsinki, the company traces its roots back to mining operations established in 1910 and has, over decades, transformed into a focused stainless steel specialist. Outokumpu’s core business encompasses the production of high-grade stainless steel in flat and long product forms, serving a broad range of industries including automotive, construction, energy, and consumer goods.

The company’s primary product portfolio includes cold-rolled and hot-rolled coils and sheets, plates, strips, bars and wire, as well as tailor-made and value-added solutions such as precision-cut blanks and welded tubes.