OUTOKUMPU OYJ/ADR (OTCMKTS:OUTKY) Downgraded by Zacks Investment Research

Zacks Investment Research downgraded shares of OUTOKUMPU OYJ/ADR (OTCMKTS:OUTKY) from a hold rating to a sell rating in a report released on Tuesday morning, 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. “

Several other research firms also recently commented on OUTKY. ValuEngine raised shares of OUTOKUMPU OYJ/ADR from a sell rating to a hold rating in a report on Thursday, August 1st. Goldman Sachs Group raised shares of OUTOKUMPU OYJ/ADR from a neutral rating to a buy rating in a report on Wednesday, June 12th.

OTCMKTS OUTKY opened at $1.46 on Tuesday. The company has a market cap of $1.22 billion, a PE ratio of 36.50 and a beta of 0.76. OUTOKUMPU OYJ/ADR has a 52 week low of $1.31 and a 52 week high of $2.85. The company has a quick ratio of 0.40, a current ratio of 1.00 and a debt-to-equity ratio of 0.27. The firm’s 50-day simple moving average is $1.36 and its two-hundred day simple moving average is $1.67.

OUTOKUMPU OYJ/ADR (OTCMKTS:OUTKY) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.01 EPS for the quarter. The business had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.83 billion. OUTOKUMPU OYJ/ADR had a net margin of 0.35% and a return on equity of 0.87%. As a group, equities research analysts anticipate that OUTOKUMPU OYJ/ADR will post -0.04 EPS for the current year.

About OUTOKUMPU OYJ/ADR

Outokumpu Oyj produces and sells various stainless steel products in Finland, Germany, Sweden, the United Kingdom, other European countries, Asia and Oceania, and internationally. It offers cold rolled coils, strips, and sheets; precision strips; hot rolled coils, strips, and plates; quarto plates; semi-finished stainless steel long products; stainless steel bars, rebars, wires, and wire rods; welded stainless steel I-beams, H-beams, hollow-section tubes, and bent profiles for load-bearing structures; blancs and discs; suction roll shell blanks; and customized press plates and ready-to-use plates.

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