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

Outokumpu Oyj (OTCMKTS:OUTKY)’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:OUTKY) 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

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.