Outokumpu Oyj (OTCMKTS:OUTKY) Announces Earnings Results

Outokumpu Oyj (OTCMKTS:OUTKY) issued its quarterly earnings data on Thursday. The company reported ($0.04) earnings per share for the quarter, Zacks reports. The firm had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.37 billion. Outokumpu Oyj had a negative net margin of 4.10% and a negative return on equity of 6.67%.

Outokumpu Oyj Price Performance

Outokumpu Oyj stock remained flat at $1.60 during midday trading on Friday. 20 shares of the company were exchanged, compared to its average volume of 456. Outokumpu Oyj has a 12 month low of $1.37 and a 12 month high of $2.35. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.53 and a current ratio of 1.54. The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of -5.71 and a beta of 0.80. The stock has a 50-day simple moving average of $1.50 and a two-hundred day simple moving average of $1.68.

Analysts Set New Price Targets

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

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.