Andritz (OTCMKTS:ADRZY) Shares Gap Down – Here’s What Happened

Andritz (OTCMKTS:ADRZY – Get Free Report)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $17.5828, but opened at $16.73. Andritz shares last traded at $16.71, with a volume of 403 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on ADRZY shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Andritz in a research report on Thursday, May 14th. Zacks Research downgraded shares of Andritz from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 30th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

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Andritz Stock Down 2.3%

The stock’s 50-day moving average price is $16.08 and its two-hundred day moving average price is $16.18. The stock has a market capitalization of $8.65 billion, a PE ratio of 15.13 and a beta of 1.13. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.13.

Andritz (OTCMKTS:ADRZY – Get Free Report) last released its earnings results on Wednesday, April 29th. The company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.02). The business had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.08 billion. Andritz had a return on equity of 20.19% and a net margin of 5.81%. As a group, analysts expect that Andritz will post 1.24 EPS for the current fiscal year.

Andritz Company Profile

(Get Free Report)

Andritz AG is a global technology group based in Graz, Austria, with a history dating back to its founding in 1852. The company specializes in providing equipment, systems, and services for industrial processes across four key business areas: Hydropower, Pulp & Paper, Metals, and Separation. Through a combination of engineering expertise and in-house manufacturing, Andritz develops tailored solutions that meet the demands of energy efficiency, resource optimization, and environmental sustainability.

In its Hydropower division, Andritz designs and installs turbines, generators, and automation systems for run-of-river, reservoir and pumped storage plants.

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