Outokumpu Oyj (NASDAQ:OUTKY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued 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 (OUTKY) opened at 4.48 on Friday. The company has a market capitalization of $3.69 billion and a price-to-earnings ratio of 6.42. The stock has a 50 day moving average of $4.43 and a 200-day moving average of $4.60. Outokumpu Oyj has a one year low of $3.42 and a one year high of $5.43.

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