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

Shares of Voestalpine AG (OTCMKTS:VLPNY – Get Free Report) gapped down before the market opened on Thursday. The stock had previously closed at $10.15, but opened at $9.4550. Voestalpine shares last traded at $9.4550, with a volume of 227 shares.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Citigroup reiterated a “neutral” rating on shares of Voestalpine in a report on Thursday, June 11th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Voestalpine in a report on Friday, September 4th. Finally, Zacks Research lowered shares of Voestalpine from a “hold” rating to a “strong sell” rating in a research note on Wednesday, September 30th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Voestalpine has an average rating of “Hold”.

Get Our Latest Analysis on VLPNY

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 company has a market cap of $8.11 billion, a price-to-earnings ratio of 13.51 and a beta of 1.40. The stock has a 50 day moving average price of $10.33 and a two-hundred day moving average price of $10.10.

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

About Voestalpine

(Get Free Report)

voestalpine AG is an Austria-based technology and capital goods group headquartered in Linz. The company develops, produces and processes steel and other metal products for industrial customers worldwide, with a focus on specialized materials, advanced manufacturing and value-added components rather than commodity steel alone.

Its activities 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 railway infrastructure systems, welding consumables, automotive components, precision-formed parts, and solutions for the energy, aerospace, mechanical engineering and other industrial sectors.

voestalpine traces its origins to Austria’s postwar steel industry and adopted its current name in the 1970s.

Further Reading

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