Zacks Investment Research lowered shares of Outokumpu Oyj (NASDAQ:OUTKY) from a hold rating to a sell rating in a research report released on Tuesday.
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. “
Outokumpu Oyj (OUTKY) opened at 4.48 on Tuesday. The stock’s 50 day moving average is $4.28 and its 200-day moving average is $4.54. The firm has a market cap of $3.69 billion and a price-to-earnings ratio of 6.56. Outokumpu Oyj has a 12 month low of $2.85 and a 12 month high of $5.43.
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