Voestalpine (OTCMKTS:VLPNY) Sets New 1-Year High – Time to Buy?

Shares of Voestalpine AG (OTCMKTS:VLPNY) reached a new 52-week high on Thursday . The stock traded as high as $9.55 and last traded at $9.55, with a volume of 1943 shares traded. The stock had previously closed at $9.21.

Wall Street Analysts Forecast Growth

Several research firms recently commented on VLPNY. UBS Group upgraded shares of Voestalpine from a “hold” rating to a “buy” rating in a research note on Monday, November 17th. Morgan Stanley reissued an “overweight” rating on shares of Voestalpine in a report on Tuesday, January 6th. Citigroup reaffirmed a “neutral” rating on shares of Voestalpine in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Voestalpine in a research note on Thursday, November 13th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Voestalpine Stock Down 0.5%

The firm has a 50 day simple moving average of $8.73 and a two-hundred day simple moving average of $7.26. The stock has a market capitalization of $8.14 billion, a P/E ratio of 32.76 and a beta of 1.32. The company has a quick ratio of 0.49, a current ratio of 1.32 and a debt-to-equity ratio of 0.17.

Voestalpine (OTCMKTS:VLPNY) last posted its quarterly earnings results on Wednesday, November 12th. The company reported $0.13 EPS for the quarter, topping 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 return on equity of 3.10% and a net margin of 1.50%. On average, equities research analysts expect that Voestalpine AG will post 0.45 earnings per share for the current year.

About Voestalpine

Voestalpine AG is a leading steel-based technology and capital goods group headquartered in Linz, Austria. The company specializes in the production of high-quality steel and sophisticated components for a range of industries, including automotive, railway systems, aerospace, energy, and construction. It operates across all major processing steps in steel production, from raw‐material processing and steelmaking to downstream activities such as coating, processing, and assembly.

Voestalpine’s portfolio is organized into several business divisions.