Zacks Investment Research upgraded shares of OUTOKUMPU OYJ/ADR (OTCMKTS:OUTKY) from a sell rating to a hold rating in a research report released on Wednesday.
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. “
OTCMKTS:OUTKY opened at $1.80 on Wednesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.46 and a current ratio of 1.09. OUTOKUMPU OYJ/ADR has a 12 month low of $1.80 and a 12 month high of $4.35. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of 1.76 and a beta of 1.03.
OUTOKUMPU OYJ/ADR Company Profile
Outokumpu Oyj produces and sells various stainless steel products in Finland, Germany, Sweden, the United Kingdom, other European countries, Asia and Oceania, and internationally. The company provides stainless steel bars, coils and sheets, steel precision strips, rebars, and wire rods; and semi-finished products, such as cast billets and blooms, cast slabs, stainless steel ingots, and rolled and forged billets, as well as pipes.
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