Voestalpine (OTCMKTS:VLPNY) Sees Strong Trading Volume – Still a Buy?

Shares of Voestalpine AG (OTCMKTS:VLPNY) saw an uptick in trading volume on Thursday . 27,981 shares traded hands during mid-day trading, an increase of 1,242% from the previous session’s volume of 2,085 shares.The stock last traded at $8.39 and had previously closed at $8.4950.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on VLPNY shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Voestalpine in a report on Thursday, November 13th. Morgan Stanley reaffirmed an “overweight” rating on shares of Voestalpine in a research report on Monday, November 17th. Finally, UBS Group raised Voestalpine from a “hold” rating to a “buy” rating in a research note on Monday, November 17th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Voestalpine currently has a consensus rating of “Moderate Buy”.

Voestalpine Trading Up 1.5%

The company has a fifty day moving average of $7.40 and a 200-day moving average of $6.32. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.35 and a quick ratio of 0.53. The firm has a market capitalization of $7.39 billion, a PE ratio of 29.72 and a beta of 1.35.

Voestalpine (OTCMKTS:VLPNY) last posted its quarterly earnings results on Wednesday, November 12th. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. Voestalpine had a return on equity of 3.16% and a net margin of 1.50%.The company had revenue of $4.31 billion during the quarter, compared to the consensus estimate of $4.31 billion. On average, sell-side analysts anticipate that Voestalpine AG will post 0.45 earnings per share for the current fiscal year.

Voestalpine Company Profile

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.