Voestalpine (OTCMKTS:VLPNY) Sees Unusually-High Trading Volume – What’s Next?
by Michael Walen · The Markets DailyVoestalpine AG (OTCMKTS:VLPNY – Get Free Report) saw strong trading volume on Friday . 9,499 shares changed hands during mid-day trading, an increase of 362% from the previous session’s volume of 2,057 shares.The stock last traded at $9.25 and had previously closed at $9.55.
Analyst Upgrades and Downgrades
VLPNY has been the topic of a number of analyst reports. UBS Group raised Voestalpine from a “hold” rating to a “buy” rating in a research note on Monday, November 17th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Voestalpine in a research note on Thursday, November 13th. Morgan Stanley reissued an “overweight” rating on shares of Voestalpine in a report on Tuesday, January 6th. Finally, Citigroup restated a “neutral” rating on shares of Voestalpine in a research report on Thursday. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Voestalpine presently has an average rating of “Moderate Buy”.
Get Our Latest Stock Report on Voestalpine
Voestalpine Stock Down 3.1%
The firm’s 50-day moving average is $8.70 and its two-hundred day moving average is $7.23. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.49 and a current ratio of 1.32. The stock has a market cap of $7.93 billion, a P/E ratio of 31.90 and a beta of 1.32.
Voestalpine (OTCMKTS:VLPNY – Get Free Report) last announced its quarterly earnings results on Wednesday, November 12th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.01. The company had revenue of $4.31 billion during the quarter, compared to analyst estimates of $4.31 billion. Voestalpine had a net margin of 1.50% and a return on equity of 3.10%. On average, equities research analysts anticipate that Voestalpine AG will post 0.45 earnings per share for the current year.
About Voestalpine
Voestalpine AG is a leading steel-based technology and capital goods group headquartered in Linz, Austria. The company specializes in the production of high-quality steel and sophisticated components for a range of industries, including automotive, railway systems, aerospace, energy, and construction. It operates across all major processing steps in steel production, from raw‐material processing and steelmaking to downstream activities such as coating, processing, and assembly.
Voestalpine’s portfolio is organized into several business divisions.