Voestalpine (OTCMKTS:VLPNY) Sees Unusually-High Trading Volume – What’s Next?

Voestalpine AG (OTCMKTS:VLPNY) shares saw an uptick in trading volume on Thursday . 10,357 shares were traded during trading, an increase of 248% from the previous session’s volume of 2,974 shares.The stock last traded at $9.38 and had previously closed at $9.55.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Citigroup restated a “neutral” rating on shares of Voestalpine in a report on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Voestalpine in a research report on Thursday, November 13th. UBS Group upgraded shares of Voestalpine from a “hold” rating to a “buy” rating in a research note on Monday, November 17th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Voestalpine in a research note on Tuesday, January 6th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Voestalpine presently has a consensus rating of “Moderate Buy”.

Voestalpine Price Performance

The business’s fifty day moving average price is $8.83 and its 200 day moving average price is $7.35. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.32 and a quick ratio of 0.49. The stock has a market cap of $8.07 billion, a P/E ratio of 32.46 and a beta of 1.32.

Voestalpine (OTCMKTS:VLPNY) last issued its quarterly earnings data on Wednesday, November 12th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.12 by $0.01. Voestalpine had a net margin of 1.50% and a return on equity of 3.10%. The business had revenue of $4.31 billion during the quarter, compared to the consensus estimate of $4.31 billion. Sell-side analysts forecast that Voestalpine AG will post 0.45 EPS for the current fiscal year.

Voestalpine Company Profile

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.