Voestalpine (OTCMKTS:VLPNY) Sees Large Volume Increase – What’s Next?

Voestalpine AG (OTCMKTS:VLPNY) saw unusually-strong trading volume on Thursday . Approximately 12,954 shares traded hands during mid-day trading, an increase of 307% from the previous session’s volume of 3,184 shares.The stock last traded at $10.6350 and had previously closed at $10.6450.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on VLPNY. Morgan Stanley reaffirmed an “overweight” rating on shares of Voestalpine in a research report on Tuesday, January 6th. Citigroup reaffirmed a “neutral” rating on shares of Voestalpine in a research report on Thursday, January 22nd. UBS Group upgraded Voestalpine from a “hold” rating to a “buy” rating in a report on Monday, November 17th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Voestalpine in a research report on Thursday. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Voestalpine Price Performance

The stock has a market cap of $9.14 billion, a PE ratio of 31.35 and a beta of 1.33. The business has a fifty day moving average of $9.24 and a 200 day moving average of $7.71. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.32 and a quick ratio of 0.49.

Voestalpine (OTCMKTS:VLPNY) last released its quarterly earnings data on Wednesday, February 11th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.01). The company had revenue of $4.13 billion during the quarter. Voestalpine had a net margin of 1.75% and a return on equity of 3.59%. Sell-side analysts anticipate 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.