Outokumpu Oyj (OUTKY) Downgraded by Zacks Investment Research to “Hold”

Zacks Investment Research lowered shares of Outokumpu Oyj (NASDAQ:OUTKY) from a buy rating to a hold rating in a report released on Saturday.

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. “

Shares of Outokumpu Oyj (NASDAQ:OUTKY) opened at 4.48 on Friday. Outokumpu Oyj has a one year low of $2.98 and a one year high of $5.43. The firm has a market cap of $3.69 billion and a price-to-earnings ratio of 6.42. The stock’s 50 day moving average price is $4.43 and its 200 day moving average price is $4.60.

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