Voestalpine (OTCMKTS:VLPNY) Shares Gap Down – Should You Sell?

Voestalpine AG (OTCMKTS:VLPNY) shares gapped down before the market opened on Tuesday . The stock had previously closed at $9.2940, but opened at $8.7450. Voestalpine shares last traded at $8.74, with a volume of 1,332 shares changing hands.

Analysts Set New Price Targets

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

Voestalpine Trading Up 1.5%

The company has a market capitalization of $7.78 billion, a P/E ratio of 31.31 and a beta of 1.32. The business has a 50 day moving average price of $8.58 and a 200 day moving average price of $7.18. The company has a current ratio of 1.32, a quick ratio of 0.49 and a debt-to-equity ratio of 0.17.

Voestalpine (OTCMKTS:VLPNY) last issued its quarterly earnings data 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 analysts’ expectations of $4.31 billion. Voestalpine had a net margin of 1.50% and a return on equity of 3.10%. Analysts anticipate that Voestalpine AG will post 0.45 EPS for the current 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.