Outokumpu Oyj (OTCMKTS:OUTKY) Share Price Passes Below 50 Day Moving Average – Here’s What Happened

Outokumpu Oyj (OTCMKTS:OUTKYGet Free Report)’s stock price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $1.84 and traded as low as $1.75. Outokumpu Oyj shares last traded at $1.75, with a volume of 1,012 shares changing hands.

Outokumpu Oyj Price Performance

The company has a debt-to-equity ratio of 0.10, a current ratio of 1.67 and a quick ratio of 0.66. The company has a 50-day moving average of $1.84 and a 200 day moving average of $1.86.

Outokumpu Oyj (OTCMKTS:OUTKYGet Free Report) last announced its earnings results on Thursday, August 8th. The company reported ($0.01) earnings per share (EPS) for the quarter. The business had revenue of $1.66 billion for the quarter. Outokumpu Oyj had a negative net margin of 4.10% and a negative return on equity of 6.65%. Analysts anticipate that Outokumpu Oyj will post -0.01 earnings per share for the current year.

About Outokumpu Oyj

(Get Free Report)

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.

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