Voestalpine (OTCMKTS:VLPNY) Sees Unusually-High Trading Volume – Time to Buy?

Shares of Voestalpine AG (OTCMKTS:VLPNY) saw unusually-high trading volume on Monday . Approximately 21,659 shares changed hands during mid-day trading, an increase of 465% from the previous session’s volume of 3,833 shares.The stock last traded at $11.58 and had previously closed at $11.10.

Analyst Upgrades and Downgrades

Several research analysts have commented on VLPNY shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Voestalpine in a research note on Thursday, February 12th. Barclays reaffirmed an “overweight” rating on shares of Voestalpine in a report on Monday. Morgan Stanley reissued an “overweight” rating on shares of Voestalpine in a report on Tuesday. Citigroup reaffirmed a “neutral” rating on shares of Voestalpine in a report on Thursday, January 22nd. Finally, UBS Group upgraded Voestalpine from a “hold” rating to a “buy” rating in a research report on Monday, November 17th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Voestalpine Stock Performance

The company has a debt-to-equity ratio of 0.17, a current ratio of 1.32 and a quick ratio of 0.49. The stock has a market cap of $9.86 billion, a PE ratio of 33.82 and a beta of 1.33. The business has a 50 day moving average price of $9.60 and a two-hundred day moving average price of $8.05.

Voestalpine (OTCMKTS:VLPNY) last posted its quarterly earnings results on Wednesday, February 11th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). Voestalpine had a net margin of 1.75% and a return on equity of 3.59%. The firm had revenue of $4.13 billion for the quarter. As a group, equities research analysts forecast that Voestalpine AG will post 0.45 EPS for the current fiscal 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.