Voestalpine (OTCMKTS:VLPNY) Shares Gap Down – Here’s What Happened

Voestalpine AG (OTCMKTS:VLPNY – Get Free Report) shares gapped down before the market opened on Monday . The stock had previously closed at $10.58, but opened at $10.15. Voestalpine shares last traded at $10.15, with a volume of 320 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research firms have commented on VLPNY. Citigroup reaffirmed a “neutral” rating on shares of Voestalpine in a research report on Friday, April 17th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Voestalpine in a report on Thursday, February 12th. Barclays reiterated an “overweight” rating on shares of Voestalpine in a report on Monday, February 23rd. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Voestalpine in a report on Tuesday, February 24th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy”.

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Voestalpine Price Performance

The company has a debt-to-equity ratio of 0.16, a current ratio of 1.33 and a quick ratio of 0.45. The firm has a market cap of $9.34 billion, a PE ratio of 32.03 and a beta of 1.42. The firm has a 50-day simple moving average of $9.68 and a 200 day simple moving average of $9.08.

Voestalpine (OTCMKTS:VLPNY – Get Free Report) last announced its quarterly earnings data on Wednesday, February 11th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.01). The firm had revenue of $4.13 billion for the quarter. Voestalpine had a net margin of 1.75% and a return on equity of 3.55%. As a group, equities analysts expect that Voestalpine AG will post 0.51 EPS for the current year.

About Voestalpine

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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.

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