Outokumpu (OUTKY) Expected to Announce Quarterly Earnings on Thursday

Outokumpu (OTCMKTS:OUTKY) is expected to be releasing its results before the market opens on Thursday, February 12th. Analysts expect Outokumpu to post earnings of ($0.13) per share for the quarter.

Outokumpu Stock Performance

OUTKY opened at $2.95 on Wednesday. The company has a quick ratio of 0.61, a current ratio of 1.76 and a debt-to-equity ratio of 0.15. Outokumpu has a 12-month low of $1.60 and a 12-month high of $2.95. The business has a 50 day moving average of $2.59 and a 200-day moving average of $2.30. The stock has a market cap of $2.79 billion, a price-to-earnings ratio of -24.58 and a beta of 0.59.

Analyst Ratings Changes

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

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.