Outokumpu Oyj (OTCMKTS:OUTKY) Share Price Crosses Below 50-Day Moving Average – Should You Sell?

Shares of Outokumpu Oyj (OTCMKTS:OUTKY) passed 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 traded.

Outokumpu Oyj Stock Performance

The firm has a market cap of $1.60 billion, a PE ratio of -4.73 and a beta of 0.79. The company has a quick ratio of 0.66, a current ratio of 1.67 and a debt-to-equity ratio of 0.10. The company has a 50-day simple moving average of $1.84 and a two-hundred day simple moving average of $1.86.

Outokumpu Oyj (OTCMKTS:OUTKY) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.01) EPS for the quarter. Outokumpu Oyj had a negative net margin of 5.36% and a negative return on equity of 8.43%. The firm had revenue of $1.66 billion during the quarter. As a group, equities research analysts forecast 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.