Outokumpu Oyj (OTCMKTS:OUTKY) Posts Quarterly Earnings Results

Outokumpu Oyj (OTCMKTS:OUTKY) issued its quarterly earnings data on Thursday. The company reported ($0.04) earnings per share (EPS) for the quarter, Zacks reports. Outokumpu Oyj had a negative return on equity of 6.67% and a negative net margin of 4.10%.

Outokumpu Oyj Trading Down 3.0 %

OTCMKTS OUTKY traded down $0.05 during mid-day trading on Thursday, reaching $1.60. 500 shares of the stock were exchanged, compared to its average volume of 456. The stock has a market cap of $1.46 billion, a P/E ratio of -5.71 and a beta of 0.80. 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 has a one year low of $1.37 and a one year high of $2.35. The stock has a 50 day simple moving average of $1.50 and a 200-day simple moving average of $1.68.

Analyst Upgrades and Downgrades

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

Outokumpu Oyj Company Profile

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.