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

Voestalpine AG (OTCMKTS:VLPNY)’s stock price reached a new 52-week high on Tuesday . The company traded as high as $11.6740 and last traded at $11.3150, with a volume of 24113 shares traded. The stock had previously closed at $11.58.

Analyst Upgrades and Downgrades

VLPNY has been the topic of several research reports. Citigroup reissued a “neutral” rating on shares of Voestalpine in a research note on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Voestalpine in a research report on Thursday, February 12th. UBS Group raised Voestalpine from a “hold” rating to a “buy” rating in a research report on Monday, November 17th. Morgan Stanley reiterated an “overweight” rating on shares of Voestalpine in a research note on Tuesday, January 6th. Finally, Barclays reissued an “overweight” rating on shares of Voestalpine in a research note on Monday. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Voestalpine Trading Down 2.3%

The firm has a market capitalization of $9.70 billion, a PE ratio of 33.28 and a beta of 1.33. The firm has a 50 day simple moving average of $9.50 and a 200 day simple moving average of $7.98. The company has a current ratio of 1.32, a quick ratio of 0.49 and a debt-to-equity ratio of 0.17.

Voestalpine (OTCMKTS:VLPNY) last announced its quarterly earnings results on Wednesday, February 11th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). Voestalpine had a net margin of 1.75% and a return on equity of 3.59%. The business had revenue of $4.13 billion for the quarter. Equities analysts expect that Voestalpine AG will post 0.45 earnings per share 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.