Voestalpine (OTCMKTS:VLPNY) Stock Price Down 8.8% – Here’s Why

Voestalpine AG (OTCMKTS:VLPNY) dropped 8.8% during trading on Friday . The stock traded as low as $8.9775 and last traded at $8.9775. Approximately 157 shares were traded during mid-day trading, a decline of 96% from the average daily volume of 3,910 shares. The stock had previously closed at $9.8425.

Wall Street Analyst Weigh In

Several research firms have issued reports on VLPNY. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Voestalpine in a research note on Thursday, February 12th. Morgan Stanley restated an “overweight” rating on shares of Voestalpine in a report on Tuesday, February 24th. Barclays reaffirmed an “overweight” rating on shares of Voestalpine in a research report on Monday, February 23rd. UBS Group raised Voestalpine from a “hold” rating to a “buy” rating in a research report on Monday, November 17th. Finally, Citigroup restated a “neutral” rating on shares of Voestalpine in a research note on Thursday, January 22nd. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Voestalpine Price Performance

The business’s 50 day moving average price is $9.93 and its 200-day moving average price is $8.34. The company has a quick ratio of 0.45, a current ratio of 1.33 and a debt-to-equity ratio of 0.16. The company has a market cap of $7.73 billion, a PE ratio of 26.51 and a beta of 1.27.

Voestalpine (OTCMKTS:VLPNY) last announced its earnings results on Wednesday, February 11th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.01). Voestalpine had a net margin of 1.75% and a return on equity of 3.55%. The firm had revenue of $4.13 billion during the quarter. As a group, analysts forecast that Voestalpine AG will post 0.45 earnings per share for the current 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.