Voestalpine (OTCMKTS:VLPNY) Shares Gap Down – Here’s What Happened

Voestalpine AG (OTCMKTS:VLPNY)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $10.40, but opened at $9.84. Voestalpine shares last traded at $9.92, with a volume of 1,129 shares trading hands.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Citigroup reissued a “neutral” rating on shares of Voestalpine in a research report on Friday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Voestalpine in a research report on Thursday, February 12th. Barclays reissued an “overweight” rating on shares of Voestalpine in a research note on Monday, February 23rd. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Voestalpine in a research note on Tuesday, February 24th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Voestalpine Stock Down 0.6%

The business’s 50 day simple moving average is $9.87 and its 200-day simple moving average is $8.85. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.45 and a current ratio of 1.33. The company has a market cap of $8.86 billion, a price-to-earnings ratio of 30.41 and a beta of 1.38.

Voestalpine (OTCMKTS:VLPNY) last announced its quarterly earnings data on Wednesday, February 11th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.01). The firm had revenue of $4.13 billion for the quarter. Voestalpine had a return on equity of 3.55% and a net margin of 1.75%. Sell-side analysts expect that Voestalpine AG will post 0.45 earnings per share for the current year.

Voestalpine Company Profile

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.