Voestalpine (OTCMKTS:VLPNY) Shares Gap Up – Here’s Why

Voestalpine AG (OTCMKTS:VLPNY – Get Free Report) gapped up before the market opened on Friday. The stock had previously closed at $10.10, but opened at $10.56. Voestalpine shares last traded at $10.56, with a volume of 390 shares.

Analysts Set New Price Targets

Several research firms have recently issued reports on VLPNY. Zacks Research cut shares of Voestalpine from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 1st. UBS Group lowered Voestalpine from a “buy” rating to a “neutral” rating in a report on Monday, June 8th. Citigroup restated a “neutral” rating on shares of Voestalpine in a research note on Thursday, June 11th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Voestalpine in a report on Friday, September 4th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

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Voestalpine Stock Performance

The company has a current ratio of 1.41, a quick ratio of 0.54 and a debt-to-equity ratio of 0.19. The stock has a market cap of $8.70 billion, a price-to-earnings ratio of 14.50 and a beta of 1.44. The stock’s 50 day moving average is $10.29 and its two-hundred day moving average is $10.04.

Voestalpine (OTCMKTS:VLPNY – Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.01). The company had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.38 billion. Voestalpine had a return on equity of 6.66% and a net margin of 3.39%. Analysts anticipate that Voestalpine AG will post 0.83 earnings per share for the current fiscal year.

Voestalpine Company Profile

(Get Free Report)

voestalpine AG is an Austria-based technology and industrial group specializing in steel, metal products and advanced manufacturing solutions. The company serves customers in the automotive, railway, aerospace, energy, construction and mechanical engineering industries.

Its operations are organized across four main divisions: Steel, High Performance Metals, Metal Engineering and Metal Forming. Products and services include high-quality flat steel, tool and special steels, rail and turnout systems, wire products, welding technology, precision tubes, automotive components and formed metal parts.

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