|Bid||4.7700 x 0|
|Ask||4.7900 x 0|
|Day's Range||4.8050 - 4.8050|
|52 Week Range||3.4900 - 6.4700|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Outokumpu said it will focus on its core business of flat stainless steel products and expects to complete the divestment by the end of this year. The company's Long Products unit, which makes items like wire rods and rebars, accounted for about 8% of the Outokumpu Group's sales in 2021. Based on preliminary assessments, Outokumpu will have an impairment charge of 50 million euros ($50.16 million) related to the divestment in its January-September 2022 interim report.
Outokumpu (OUTKY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).