Andritz (OTCMKTS:ADRZY – Get Free Report) shares gapped down before the market opened on Monday. The stock had previously closed at $19.70, but opened at $18.3945. Andritz shares last traded at $18.3945, with a volume of 614 shares changing hands.
Analyst Upgrades and Downgrades
Separately, Zacks Research upgraded shares of Andritz from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 7th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Andritz has a consensus rating of “Moderate Buy”.
Check Out Our Latest Stock Report on ADRZY
Andritz Stock Performance
Andritz (OTCMKTS:ADRZY – Get Free Report) last issued its earnings results on Thursday, July 30th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.01). Andritz had a return on equity of 19.74% and a net margin of 5.77%. The business had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.23 billion. As a group, research analysts forecast that Andritz will post 1.23 earnings per share for the current year.
Andritz Company Profile
Andritz AG is an Austria-based international technology and engineering group headquartered in Graz. Founded in 1852, the company develops, designs and supplies plants, systems, equipment and services for industrial production and infrastructure projects.
Its main business areas include pulp and paper, metals, hydropower, and environment and energy. Andritz provides technologies for pulp and paper production, paper and tissue processing, metal forming and processing, hydropower generation, wastewater treatment, sludge management, biomass and renewable-energy applications, and related industrial services.
Andritz serves customers worldwide through production facilities, engineering operations and service locations across Europe, the Americas, Asia and other international markets.
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