Voestalpine (OTCMKTS:VLPNY) Reaches New 1-Year High – Should You Buy?

Voestalpine AG (OTCMKTS:VLPNY) shares reached a new 52-week high on Monday . The stock traded as high as $8.17 and last traded at $8.17, with a volume of 419 shares trading hands. The stock had previously closed at $7.6880.

Analyst Ratings Changes

VLPNY has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Voestalpine in a research note on Thursday. Morgan Stanley restated an “overweight” rating on shares of Voestalpine in a research report on Monday. Finally, UBS Group upgraded shares of Voestalpine from a “neutral” rating to a “buy” rating in a report on Monday. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Voestalpine Stock Performance

The company has a quick ratio of 0.53, a current ratio of 1.35 and a debt-to-equity ratio of 0.19. The firm has a 50-day moving average of $6.98 and a 200 day moving average of $6.06. The stock has a market capitalization of $7.00 billion, a P/E ratio of 40.85 and a beta of 1.39.

Voestalpine (OTCMKTS:VLPNY) last announced its quarterly earnings data on Wednesday, November 12th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. The company had revenue of $4.31 billion during the quarter, compared to analysts’ expectations of $4.31 billion. Voestalpine had a net margin of 1.02% and a return on equity of 2.15%. Research analysts anticipate that Voestalpine AG will post 0.45 EPS for the current fiscal year.

About Voestalpine

Voestalpine AG processes, develops, manufactures, and sells steel products in Austria, European Union, and internationally. 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.