Outokumpu Oyj (OTCMKTS:OUTKY) Stock Price Down 3% - Should You Sell?

Shares of Outokumpu Oyj (OTCMKTS:OUTKY - Get Free Report) fell 3% during trading on Wednesday . The stock traded as low as $1.60 and last traded at $1.60. 500 shares changed hands during mid-day trading, a decline of 74% from the average session volume of 1,938 shares. The stock had previously closed at $1.65.

Analysts Set New Price Targets

Separately, BNP Paribas lowered shares of Outokumpu Oyj from a "hold" rating to a "strong sell" rating in a report on Friday, January 3rd.

Outokumpu Oyj Stock Performance

The firm's 50 day moving average is $1.50 and its two-hundred day moving average is $1.68. The company has a current ratio of 1.54, a quick ratio of 0.53 and a debt-to-equity ratio of 0.07.

Outokumpu Oyj (OTCMKTS:OUTKY - Get Free Report) last posted its earnings results on Thursday, February 13th. The company reported ($0.04) EPS for the quarter. The company had revenue of $1.50 billion during the quarter, compared to analysts' expectations of $1.37 billion. Outokumpu Oyj had a negative net margin of 4.10% and a negative return on equity of 6.67%. On average, research analysts forecast that Outokumpu Oyj will post -0.06 earnings per share for the current fiscal year.

About Outokumpu Oyj

Outokumpu Oyj produces and sells various stainless steel products in Finland, other European countries, North America, the Asia-Pacific, and internationally. The company operates through three segments: Europe, Americas, and Ferrochrome. It offers cold rolled coils, strips, and sheets; hot rolled coils, strips, and plates; quarto plates; precision strips; and specialized components, such as welded stainless-steel I-beams, H-beams, hollow-section tubes, bent profiles, structural sections, hardened and customized press plates, suction roll shells, and blancs and disks.