Voestalpine (OTCMKTS:VLPNY) Shares Gap Down – Here’s What Happened
by Michael Walen · The Markets DailyVoestalpine AG (OTCMKTS:VLPNY – Get Free Report)’s share price gapped down before the market opened on Monday . The stock had previously closed at $9.55, but opened at $9.01. Voestalpine shares last traded at $9.01, with a volume of 1,802 shares traded.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on VLPNY. Morgan Stanley reiterated an “overweight” rating on shares of Voestalpine in a research note on Tuesday, January 6th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Voestalpine in a research note on Thursday, November 13th. UBS Group raised Voestalpine from a “hold” rating to a “buy” rating in a report on Monday, November 17th. Finally, Citigroup reiterated a “neutral” rating on shares of Voestalpine in a research note on Thursday. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.
Check Out Our Latest Analysis on Voestalpine
Voestalpine Price Performance
The firm’s fifty day simple moving average is $8.73 and its two-hundred day simple moving average is $7.29. The company has a quick ratio of 0.49, a current ratio of 1.32 and a debt-to-equity ratio of 0.17. The firm has a market cap of $8.19 billion, a PE ratio of 32.93 and a beta of 1.32.
Voestalpine (OTCMKTS:VLPNY – Get Free Report) last posted its quarterly earnings results on Wednesday, November 12th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. The firm had revenue of $4.31 billion during the quarter, compared to the consensus estimate of $4.31 billion. Voestalpine had a return on equity of 3.10% and a net margin of 1.50%. As a group, research analysts expect that Voestalpine AG will post 0.45 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.