Zacks Investment Research cut shares of OUTOKUMPU OYJ/ADR (OTCMKTS:OUTKY) from a hold rating to a sell rating in a research report released on Wednesday, 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, UBS Group raised shares of OUTOKUMPU OYJ/ADR from a neutral rating to a buy rating in a research report on Wednesday, January 16th.

Shares of OUTKY stock opened at $2.16 on Wednesday. OUTOKUMPU OYJ/ADR has a 52-week low of $1.75 and a 52-week high of $3.76. The stock has a market capitalization of $1.80 billion, a price-to-earnings ratio of 2.12 and a beta of 0.95.

The business also recently announced an annual dividend, which will be paid on Monday, April 22nd. Stockholders of record on Friday, March 29th will be given a dividend of $0.057 per share. This represents a dividend yield of 3.26%. The ex-dividend date of this dividend is Thursday, March 28th. OUTOKUMPU OYJ/ADR’s dividend payout ratio is currently 5.88%.

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. 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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