Outokumpu Oyj (OTCMKTS:OUTKY) Trading 7.7% Higher – Here’s What Happened

Outokumpu Oyj (OTCMKTS:OUTKY) shares shot up 7.7% during trading on Tuesday . The company traded as high as $1.48 and last traded at $1.48. 198 shares traded hands during trading, a decline of 69% from the average session volume of 649 shares. The stock had previously closed at $1.37.

Wall Street Analysts Forecast Growth

Separately, BNP Paribas downgraded Outokumpu Oyj from a “hold” rating to a “strong sell” rating in a report on Friday, January 3rd.

Outokumpu Oyj Stock Performance

The business has a 50 day simple moving average of $1.53 and a two-hundred day simple moving average of $1.71. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.54 and a quick ratio of 0.53.

Outokumpu Oyj (OTCMKTS:OUTKY) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.03 EPS for the quarter. The company had revenue of $1.67 billion for the quarter. Outokumpu Oyj had a negative net margin of 4.10% and a negative return on equity of 6.67%. Sell-side analysts predict 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.