Outokumpu Oyj (OUTKY) Lowered to “Sell” at Zacks Investment Research

Outokumpu Oyj (NASDAQ:OUTKY) was downgraded by Zacks Investment Research from a “buy” rating to a “sell” rating in a note issued to investors on Saturday.

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. “

Shares of Outokumpu Oyj (NASDAQ:OUTKY) opened at 4.10 on Friday. Outokumpu Oyj has a 12 month low of $1.85 and a 12 month high of $5.43. The company has a 50-day moving average price of $4.33 and a 200-day moving average price of $4.48. The stock has a market cap of $3.38 billion and a price-to-earnings ratio of 8.41.

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