Outokumpu Oyj (OTCMKTS:OUTFF) Shares Down 19.2% – Here’s Why

Outokumpu Oyj (OTCMKTS:OUTFFGet Free Report)’s share price was down 19.2% during mid-day trading on Monday . The stock traded as low as $2.95 and last traded at $2.95. Approximately 200 shares traded hands during mid-day trading, a decline of 92% from the average daily volume of 2,470 shares. The stock had previously closed at $3.65.

Outokumpu Oyj Stock Performance

The stock has a 50-day simple moving average of $3.65 and a 200 day simple moving average of $3.73.

About Outokumpu Oyj

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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.

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