Voestalpine (OTCMKTS:VLPNY) Sets New 12-Month Low at $4.21

Shares of Voestalpine AG (OTCMKTS:VLPNYGet Rating) hit a new 52-week low during trading on Thursday . The stock traded as low as $4.21 and last traded at $4.22, with a volume of 1036 shares trading hands. The stock had previously closed at $5.27.

Several brokerages recently commented on VLPNY. Morgan Stanley raised Voestalpine from an “underweight” rating to an “equal weight” rating in a research note on Monday, May 30th. JPMorgan Chase & Co. lowered Voestalpine from an “overweight” rating to an “underweight” rating in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Voestalpine from €39.00 ($41.05) to €35.00 ($36.84) and set a “hold” rating on the stock in a research note on Thursday, June 9th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $35.67.

The company has a debt-to-equity ratio of 0.40, a current ratio of 1.35 and a quick ratio of 0.49. The company has a market cap of $3.77 billion, a price-to-earnings ratio of 4.54 and a beta of 1.29. The business has a 50 day simple moving average of $5.41 and a 200 day simple moving average of $6.25.

About Voestalpine (OTCMKTS:VLPNY)

Voestalpine AG processes, develops, manufactures, and sells steel products worldwide. The company operates through five segments: Steel, High Performance Metals, Metal Engineering, Metal Forming, and Other. The Steel division produces hot and cold-rolled steel strips, as well as electrogalvanized, hot-dip galvanized, and organically coated steel strips; and heavy plates for the energy sector, as well as turbine casings for automotive, white goods/consumer goods, building/construction, energy, mechanical engineering, and others.

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