Voestalpine (OTCMKTS:VLPNY) Shares Gap Down – Time to Sell?
by Teresa Graham · The Cerbat GemVoestalpine AG (OTCMKTS:VLPNY – Get Free Report)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $10.2750, but opened at $9.8050. Voestalpine shares last traded at $9.50, with a volume of 3,387 shares.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on VLPNY shares. Barclays restated an “overweight” rating on shares of Voestalpine in a research report on Monday, February 23rd. Citigroup reiterated a “neutral” rating on shares of Voestalpine in a research note on Friday, April 17th. Morgan Stanley reissued an “overweight” rating on shares of Voestalpine in a report on Tuesday, February 24th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Voestalpine in a research note on Thursday, February 12th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.
Read Our Latest Research Report on Voestalpine
Voestalpine Trading Down 2.2%
The company has a market cap of $8.62 billion, a price-to-earnings ratio of 29.56 and a beta of 1.42. The company has a quick ratio of 0.45, a current ratio of 1.33 and a debt-to-equity ratio of 0.16. The company’s 50-day moving average is $9.74 and its 200 day moving average is $9.00.
Voestalpine (OTCMKTS:VLPNY – Get Free Report) last issued its quarterly earnings data on Wednesday, February 11th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). Voestalpine had a return on equity of 3.55% and a net margin of 1.75%.The firm had revenue of $4.13 billion during the quarter. Research analysts predict that Voestalpine AG will post 0.51 EPS 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.