Voestalpine (OTCMKTS:VLPNY) Trading Down 5.4% – What’s Next?

Voestalpine AG (OTCMKTS:VLPNY) fell 5.4% during trading on Friday . The stock traded as low as $8.7950 and last traded at $8.7950. 1,588 shares were traded during trading, a decline of 14% from the average session volume of 1,846 shares. The stock had previously closed at $9.2940.

Analysts Set New Price Targets

Several research firms recently commented on VLPNY. UBS Group upgraded shares of Voestalpine from a “hold” rating to a “buy” rating in a research report on Monday, November 17th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Voestalpine in a research note on Thursday, November 13th. Citigroup reaffirmed a “neutral” rating on shares of Voestalpine in a research report on Friday, December 5th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Voestalpine in a research report on Tuesday, January 6th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Voestalpine Trading Down 3.7%

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 fifty day moving average of $8.51 and a 200 day moving average of $7.11. The company has a market capitalization of $7.67 billion, a P/E ratio of 30.86 and a beta of 1.32.

Voestalpine (OTCMKTS:VLPNY) last released its quarterly earnings data on Wednesday, November 12th. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. The company had revenue of $4.31 billion during the quarter, compared to the consensus estimate of $4.31 billion. Voestalpine had a net margin of 1.50% and a return on equity of 3.10%. As a group, equities research analysts anticipate that Voestalpine AG will post 0.45 EPS for the current fiscal year.

Voestalpine Company Profile

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.