Voestalpine (OTCMKTS:VLPNY) Shares Gap Down – Here’s Why

Voestalpine AG (OTCMKTS:VLPNY) gapped down prior to trading on Monday . The stock had previously closed at $8.91, but opened at $8.39. Voestalpine shares last traded at $8.3650, with a volume of 2,324 shares changing hands.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Voestalpine in a research report on Thursday, February 12th. Citigroup reaffirmed a “neutral” rating on shares of Voestalpine in a research note on Thursday, January 22nd. Barclays reaffirmed an “overweight” rating on shares of Voestalpine in a research note on Monday, February 23rd. Finally, Morgan Stanley restated an “overweight” rating on shares of Voestalpine in a research report on Tuesday, February 24th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Voestalpine Trading Down 6.1%

The business has a 50-day simple moving average of $9.90 and a two-hundred day simple moving average of $8.55. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.45 and a current ratio of 1.33. The stock has a market cap of $7.17 billion, a price-to-earnings ratio of 24.60 and a beta of 1.27.

Voestalpine (OTCMKTS:VLPNY) last released 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). The business had revenue of $4.13 billion during the quarter. Voestalpine had a net margin of 1.75% and a return on equity of 3.55%. As a group, research analysts forecast that Voestalpine AG will post 0.45 EPS 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.