Andritz (OTCMKTS:ADRZY – Get Free Report) dropped 5.8% on Thursday . The company traded as low as $16.31 and last traded at $16.31. 117 shares traded hands during mid-day trading, a decline of 95% from the average daily volume of 2,295 shares. The stock had previously closed at $17.3150.
Analyst Upgrades and Downgrades
A number of analysts recently commented on the company. Zacks Research raised Andritz from a “strong sell” rating to a “hold” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Andritz in a research report on Thursday, May 14th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Andritz presently has a consensus rating of “Moderate Buy”.
Get Our Latest Research Report on Andritz
Andritz Trading Down 5.8%
Andritz (OTCMKTS:ADRZY – Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.02). The company had revenue of $2.10 billion for 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%. On average, sell-side analysts expect that Andritz will post 1.24 EPS for the current year.
About Andritz
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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