Andritz (OTCMKTS:ADRZY) Shares Gap Up – Here’s Why

Andritz (OTCMKTS:ADRZY – Get Free Report)’s stock price gapped up before the market opened on Monday. The stock had previously closed at $18.1450, but opened at $19.21. Andritz shares last traded at $18.1320, with a volume of 1,070 shares.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Andritz from a “strong sell” rating to a “hold” rating in a research report 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, the stock currently has a consensus rating of “Moderate Buy”.

View Our Latest Stock Analysis on ADRZY

Andritz Stock Performance

The company has a debt-to-equity ratio of 0.15, a current ratio of 1.07 and a quick ratio of 0.81. The firm has a market capitalization of $9.52 billion, a PE ratio of 16.35 and a beta of 1.14. The firm has a fifty day moving average price of $19.23 and a 200 day moving average price of $18.09.

Andritz (OTCMKTS:ADRZY – Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). The company had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.23 billion. Andritz had a return on equity of 19.74% and a net margin of 5.77%. Research analysts anticipate that Andritz will post 1.19 earnings per share for the current fiscal year.

Andritz Company Profile

(Get Free Report)

Andritz AG is an Austria-based international technology and engineering group that develops, manufactures and services equipment, systems and technologies for industrial production and energy generation. The company serves customers throughout the life cycle of its products, including project development, engineering, installation, automation, maintenance and aftermarket services.

Its main business areas include pulp and paper production, metals processing, hydropower, and separation and environmental technologies.

Further Reading

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