Posted by admin on May 12th, 2022
Outokumpu Oyj (OTCMKTS:OUTKY – Get Rating) was the recipient of a significant increase in short interest during the month of April. As of April 30th, there was short interest totalling 400 shares, an increase of 300.0% from the April 15th total of 100 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is currently 4.0 days.
Shares of OTCMKTS OUTKY opened at $2.59 on Thursday. The company has a current ratio of 1.28, a quick ratio of 0.48 and a debt-to-equity ratio of 0.19. The stock has a 50 day simple moving average of $2.59 and a 200-day simple moving average of $2.95. The company has a market cap of $2.37 billion, a PE ratio of 3.70 and a beta of 0.93. Outokumpu Oyj has a 12-month low of $2.51 and a 12-month high of $3.63.
Outokumpu Oyj (OTCMKTS:OUTKY – Get Rating) last issued its quarterly earnings data on Tuesday, February 8th. The company reported $0.20 earnings per share (EPS) for the quarter. The business had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.54 billion. Outokumpu Oyj had a return on equity of 19.29% and a net margin of 7.15%. Sell-side analysts forecast that Outokumpu Oyj will post 0.88 earnings per share for the current fiscal year.
The firm also recently disclosed a dividend, which was paid on Tuesday, April 26th. Stockholders of record on Monday, April 4th were given a dividend of $0.0487 per share. The ex-dividend date was Friday, April 1st. This represents a dividend yield of 1.88%. Outokumpu Oyj’s dividend payout ratio is presently 7.14%.
Several brokerages recently weighed in on OUTKY. JPMorgan Chase & Co. lowered their price objective on Outokumpu Oyj from €10.00 ($10.53) to €9.00 ($9.47) and set an “overweight” rating for the company in a report on Wednesday, April 27th. Credit Suisse Group raised Outokumpu Oyj from an “underperform” rating to a “neutral” rating in a report on Thursday, March 24th. Zacks Investment Research raised Outokumpu Oyj from a “sell” rating to a “hold” rating in a report on Tuesday, May 3rd. Finally, Morgan Stanley upped their target price on Outokumpu Oyj from €5.10 ($5.37) to €5.20 ($5.47) and gave the company an “equal weight” rating in a report on Monday, April 11th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $5.73.
About Outokumpu Oyj (Get Rating)
Outokumpu Oyj produces and sells various stainless steel products in Finland, other European countries, North America, the Asia-Pacific, and internationally. It offers cold rolled coils, strips, and sheets; precision strips; hot rolled coils, strips, and plates; quarto plates; precise components, including welded stainless-steel I-beams, H-beams, hollow-section tubes, bent profiles, structural sections, press plates, roll shells, and blancs and disks; semi-finished stainless steel long products comprising billets and blooms, forged and rolled billets, cast slabs, ingots, and rebar; and stainless steel wire rods, wires, and bars.
Receive News & Ratings for Outokumpu Oyj Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Outokumpu Oyj and related companies with MarketBeat.com's FREE daily email newsletter.
Insider Buying: Synectics plc (LON:SNX) Insider Acquires 35,000 Shares of Stock
Short Interest in Reaves Utility Income Fund (NYSEAMERICAN:UTG) Rises By 302.1%