Outokumpu Oyj (OTCMKTS:OUTKY) Stock Price Up 7.7% – Here’s What Happened

Outokumpu Oyj (OTCMKTS:OUTKY)’s share price rose 7.7% during mid-day trading on Tuesday . The company traded as high as $1.48 and last traded at $1.48. Approximately 198 shares were traded during mid-day trading, a decline of 69% from the average daily volume of 649 shares. The stock had previously closed at $1.37.

Analysts Set New Price Targets

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

Outokumpu Oyj Trading Up 7.7 %

The company has a current ratio of 1.54, a quick ratio of 0.53 and a debt-to-equity ratio of 0.07. The stock has a 50-day simple moving average of $1.54 and a 200 day simple moving average of $1.71.

Outokumpu Oyj (OTCMKTS:OUTKY) last announced its earnings results on Wednesday, October 30th. The company reported $0.03 EPS for the quarter. The firm had revenue of $1.67 billion for the quarter. Outokumpu Oyj had a negative return on equity of 6.67% and a negative net margin of 4.10%. On average, equities analysts anticipate that Outokumpu Oyj will post -0.06 earnings per share for the current 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.