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

Shares of Voestalpine AG (OTCMKTS:VLPNYGet Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $10.28, but opened at $9.70. Voestalpine shares last traded at $9.70, with a volume of 100 shares traded.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on VLPNY shares. UBS Group lowered shares of Voestalpine from a “buy” rating to a “neutral” rating in a research note on Monday, June 8th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Voestalpine in a research note on Thursday, June 4th. Citigroup reaffirmed a “neutral” rating on shares of Voestalpine in a report on Thursday, June 11th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Voestalpine in a report on Tuesday, February 24th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Read Our Latest Research Report on Voestalpine

Voestalpine Trading Down 5.6%

The company has a quick ratio of 0.45, a current ratio of 1.33 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $8.32 billion, a PE ratio of 15.90 and a beta of 1.43. The stock’s fifty day simple moving average is $10.40 and its 200 day simple moving average is $9.79.

Voestalpine (OTCMKTS:VLPNYGet Free Report) last issued its quarterly earnings results on Wednesday, June 3rd. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.02. Voestalpine had a net margin of 2.97% and a return on equity of 6.04%. The business had revenue of $4.59 billion for the quarter, compared to analysts’ expectations of $4.19 billion. On average, sell-side analysts predict that Voestalpine AG will post 0.84 earnings per share for the current year.

About Voestalpine

(Get Free Report)

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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