Outokumpu (OTCMKTS:OUTKY) Shares Gap Up – Here’s What Happened

Outokumpu (OTCMKTS:OUTKY)’s share price gapped up before the market opened on Monday . The stock had previously closed at $2.65, but opened at $2.99. Outokumpu shares last traded at $2.9603, with a volume of 1,152 shares traded.

Wall Street Analysts Forecast Growth

OUTKY has been the subject of a number of recent analyst reports. Citigroup restated a “neutral” rating on shares of Outokumpu in a research note on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Outokumpu in a report on Wednesday, May 13th. Finally, Oddo Bhf upgraded shares of Outokumpu to an “outperform” rating in a research report on Tuesday, May 26th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Outokumpu has a consensus rating of “Hold”.

Outokumpu Price Performance

The company has a current ratio of 1.56, a quick ratio of 0.60 and a debt-to-equity ratio of 0.15. The business’s fifty day moving average is $3.25 and its 200 day moving average is $2.98. The company has a market cap of $2.80 billion, a P/E ratio of -19.74 and a beta of 0.75.

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.