Voestalpine (OTCMKTS:VLPNY) Stock Price Down 3.6% – Should You Sell?

Voestalpine AG (OTCMKTS:VLPNYGet Free Report) shares traded down 3.6% on Wednesday . The stock traded as low as $9.00 and last traded at $9.01. 865 shares were traded during mid-day trading, a decline of 77% from the average session volume of 3,784 shares. The stock had previously closed at $9.35.

Wall Street Analysts Forecast Growth

VLPNY has been the topic of several analyst reports. Barclays reissued an “overweight” rating on shares of Voestalpine in a report on Monday, February 23rd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Voestalpine in a report on Thursday, February 12th. Morgan Stanley reiterated an “overweight” rating on shares of Voestalpine in a research report on Tuesday, February 24th. Finally, Citigroup restated a “neutral” rating on shares of Voestalpine in a research report on Thursday, January 22nd. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

View Our Latest Analysis on Voestalpine

Voestalpine Price Performance

The company has a market cap of $7.82 billion, a P/E ratio of 26.82 and a beta of 1.27. The firm’s 50-day moving average is $9.91 and its two-hundred day moving average is $8.50. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.33 and a quick ratio of 0.45.

Voestalpine (OTCMKTS:VLPNYGet Free Report) last posted its earnings results on Wednesday, February 11th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). Voestalpine had a return on equity of 3.55% and a net margin of 1.75%.The business had revenue of $4.13 billion during the quarter. Analysts anticipate that Voestalpine AG will post 0.45 earnings per share for the current year.

About Voestalpine

(Get Free Report)

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.

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