Voestalpine (OTCMKTS:VLPNY) Sees Large Volume Increase – What’s Next?

Voestalpine AG (OTCMKTS:VLPNY) saw an uptick in trading volume on Wednesday . 3,480 shares changed hands during mid-day trading, an increase of 210% from the previous session’s volume of 1,123 shares.The stock last traded at $7.8750 and had previously closed at $8.17.

Analysts Set New Price Targets

A number of research firms have recently commented on VLPNY. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Voestalpine in a research note on Thursday, November 13th. Morgan Stanley reaffirmed an “overweight” rating on shares of Voestalpine in a research report on Monday. Finally, UBS Group upgraded shares of Voestalpine from a “hold” 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 company. According to data from MarketBeat.com, Voestalpine has a consensus rating of “Moderate Buy”.

Voestalpine Stock Performance

The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.53 and a current ratio of 1.35. The stock has a fifty day simple moving average of $7.03 and a two-hundred day simple moving average of $6.10. The stock has a market cap of $6.75 billion, a PE ratio of 39.38 and a beta of 1.39.

Voestalpine (OTCMKTS:VLPNY) last released its quarterly earnings results on Wednesday, November 12th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.12 by $0.01. Voestalpine had a return on equity of 2.15% and a net margin of 1.02%.The business had revenue of $4.31 billion for the quarter, compared to analysts’ expectations of $4.31 billion. Equities 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.