Voestalpine (OTCMKTS:VLPNY) Shares Gap Up – Time to Buy?

Voestalpine AG (OTCMKTS:VLPNY – Get Free Report)’s share price gapped up prior to trading on Friday . The stock had previously closed at $9.37, but opened at $9.8250. Voestalpine shares last traded at $9.8250, with a volume of 386 shares.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on VLPNY. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Voestalpine in a research report on Thursday, June 4th. Citigroup reaffirmed a “neutral” rating on shares of Voestalpine in a research report on Thursday, June 11th. Finally, UBS Group downgraded Voestalpine from a “buy” rating to a “neutral” rating in a report on Monday, June 8th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

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Voestalpine Stock Up 3.1%

The business has a fifty day moving average of $10.30 and a 200 day moving average of $9.85. The stock has a market cap of $8.67 billion, a price-to-earnings ratio of 16.57 and a beta of 1.46. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.35 and a quick ratio of 0.55.

Voestalpine (OTCMKTS:VLPNY – Get Free Report) last issued its quarterly earnings data on Wednesday, June 3rd. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.02. Voestalpine had a net margin of 2.97% and a return on equity of 5.98%. The firm had revenue of $4.59 billion during the quarter, compared to analysts’ expectations of $4.19 billion. On average, equities analysts predict that Voestalpine AG will post 0.84 earnings per share for the current year.

Voestalpine Company Profile

(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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