Shares of Voestalpine AG (OTCMKTS:VLPNY – Get 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.
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.
- Get a free copy of the StockNews.com research report on Voestalpine (VLPNY)
- It’s A Comfortable Time To Buy Steelcase
- Worthington Posts Strong Results, But Earnings Fall On One-Off Adjustments
- A Tasty Entry Point Into Darden Restaurants International
- NXP Semiconductors: Strong Earnings & New Microcontrollers for Electric Vehicles
- Lithium Stocks Are Offering Unprecedented Opportunity To Investors
Receive News & Ratings for Voestalpine Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Voestalpine and related companies with MarketBeat.com's FREE daily email newsletter.