Outokumpu Oyj (OTCMKTS:OUTKY) Trading 8.4% Higher - What's Next?

Outokumpu Oyj (OTCMKTS:OUTKY - Get Free Report) shares traded up 8.4% during trading on Friday . The stock traded as high as $1.93 and last traded at $1.93. 9,700 shares were traded during trading, an increase of 265% from the average session volume of 2,660 shares. The stock had previously closed at $1.78.

Analyst Upgrades and Downgrades

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

Outokumpu Oyj Stock Performance

The firm has a market cap of $1.76 billion, a price-to-earnings ratio of -38.60 and a beta of 0.80. The company has a quick ratio of 0.53, a current ratio of 1.54 and a debt-to-equity ratio of 0.07. The stock has a fifty day moving average price of $1.62 and a 200-day moving average price of $1.68.

Outokumpu Oyj (OTCMKTS:OUTKY - Get Free Report) last released its earnings results on Thursday, February 13th. The company reported ($0.04) earnings per share (EPS) for the quarter. The company had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.37 billion. Outokumpu Oyj had a negative net margin of 0.66% and a negative return on equity of 1.06%. On average, analysts expect that Outokumpu Oyj will post 0.07 earnings per share for the current fiscal year.

Remove Ads

Outokumpu Oyj Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, April 29th. Investors of record on Monday, April 7th will be issued a dividend of $0.071 per share. The ex-dividend date is Monday, April 7th. Outokumpu Oyj's dividend payout ratio is presently -100.00%.

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.