Posted by admin on Jun 11th, 2022
Outokumpu Oyj (OTCMKTS:OUTKY – Get Rating) saw a significant increase in short interest in the month of May. As of May 31st, there was short interest totalling 2,500 shares, an increase of 316.7% from the May 15th total of 600 shares. Based on an average daily volume of 900 shares, the short-interest ratio is presently 2.8 days.
OUTKY remained flat at $$2.74 during trading on Friday. The company has a quick ratio of 0.48, a current ratio of 1.28 and a debt-to-equity ratio of 0.19. Outokumpu Oyj has a 12 month low of $2.51 and a 12 month high of $3.63. The stock has a market cap of $2.50 billion, a PE ratio of 3.91 and a beta of 0.93. The business’s fifty day moving average is $2.65 and its two-hundred day moving average is $2.88.
The firm also recently declared a dividend, which was paid on Tuesday, April 26th. Shareholders of record on Monday, April 4th were given a $0.0487 dividend. The ex-dividend date was Friday, April 1st. This represents a yield of 1.88%. Outokumpu Oyj’s payout ratio is presently 7.14%.
OUTKY has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lowered their price objective on shares of Outokumpu Oyj from €10.00 ($10.75) to €9.00 ($9.68) and set an “overweight” rating on the stock in a research report on Wednesday, April 27th. Morgan Stanley increased their price objective on shares of Outokumpu Oyj from €5.10 ($5.48) to €5.20 ($5.59) and gave the company an “equal weight” rating in a research report on Monday, April 11th. Finally, Credit Suisse Group upgraded shares of Outokumpu Oyj from a “neutral” rating to an “outperform” rating in a research report on Monday, June 6th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Outokumpu Oyj presently has an average rating of “Buy” and a consensus price target of $7.10.
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.
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