Voestalpine (OTCMKTS:VLPNY) Hits New 1-Year High – What’s Next?

Shares of Voestalpine AG (OTCMKTS:VLPNY) hit a new 52-week high during trading on Tuesday . The company traded as high as $9.55 and last traded at $9.4950, with a volume of 2764 shares trading hands. The stock had previously closed at $9.30.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on VLPNY. Morgan Stanley reissued an “overweight” rating on shares of Voestalpine in a research note on Tuesday, January 6th. UBS Group raised shares of Voestalpine from a “hold” rating to a “buy” rating in a research report on Monday, November 17th. Citigroup reissued a “neutral” rating on shares of Voestalpine in a report on Thursday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Voestalpine in a research note on Thursday, November 13th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Voestalpine currently has a consensus rating of “Moderate Buy”.

Voestalpine Stock Performance

The stock has a fifty day simple moving average of $9.00 and a 200-day simple moving average of $7.51. The stock has a market cap of $8.59 billion, a P/E ratio of 34.55 and a beta of 1.33. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.49 and a current ratio of 1.32.

Voestalpine (OTCMKTS:VLPNY) last posted its quarterly earnings data on Wednesday, November 12th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.01. Voestalpine had a return on equity of 3.10% and a net margin of 1.50%.The company had revenue of $4.31 billion during the quarter, compared to analysts’ expectations of $4.31 billion. On average, equities analysts expect that Voestalpine AG will post 0.45 earnings per share 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.