VOESTALPINE AG/ADR (OTCMKTS:VLPNY) Upgraded at Zacks Investment Research

VOESTALPINE AG/ADR (OTCMKTS:VLPNY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday, Zacks.com reports.

According to Zacks, “voestalpine AG is engaged in the production, processing and distribution of steel products. Its operating division consists of Steel, Special Steel, Metal Engineering, Metal Forming and Other. Steel division focuses on the production and processing of flat steel products for the automotive, white goods and construction industries. Special Steel division segment manufactures tool steel and high-speed steel. Metal Engineering division produces rails and turnout products, rod wire, drawn wire, premium seamless tubes and welding filler materials. Metal Forming division offers special sections, tube products, and precision strip steel as well as pre-finished system components. Other segment provides coordination services and assistance to the subsidiaries. voestalpine AG is headquartered in Linz, Austria. “

OTCMKTS VLPNY remained flat at $$5.44 during trading hours on Friday. The company had a trading volume of 1,888 shares, compared to its average volume of 1,116. The company has a market capitalization of $4.80 billion, a P/E ratio of 5.28 and a beta of 2.01. The company has a current ratio of 1.51, a quick ratio of 0.54 and a debt-to-equity ratio of 0.46. The firm’s 50 day moving average price is $5.63. VOESTALPINE AG/ADR has a 1-year low of $5.12 and a 1-year high of $10.15.

VOESTALPINE AG/ADR Company Profile

voestalpine AG processes, develops, and manufactures steel products worldwide. The company operates through five segments: Steel, High Performance Metals, Metal Engineering, Metal Forming, and Other. The Steel division produces hot and cold-rolled steel strips, as well as electrogalvanized, hot-dip galvanized, and organically coated steel strips; and heavy plates for the energy sector, as well as turbine casings.

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