Andritz (OTCMKTS:ADRZY) Shares Up 16% – Here’s Why

Andritz (OTCMKTS:ADRZY)’s stock price was up 16% on Thursday . The stock traded as high as $18.10 and last traded at $18.10. Approximately 361 shares traded hands during trading, a decline of 82% from the average daily volume of 2,062 shares. The stock had previously closed at $15.60.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on ADRZY shares. Zacks Research upgraded shares of Andritz from a “strong sell” rating to a “strong-buy” rating in a research report on Monday, April 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Andritz in a report on Tuesday, April 14th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to MarketBeat, Andritz has an average rating of “Strong Buy”.

Andritz Stock Performance

The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.13. The company has a market capitalization of $8.85 billion, a P/E ratio of 15.91 and a beta of 1.09. The business’s fifty day simple moving average is $16.00 and its 200-day simple moving average is $15.88.

Andritz (OTCMKTS:ADRZY) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.03). The company had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.27 billion. Andritz had a net margin of 5.81% and a return on equity of 20.46%. As a group, equities analysts anticipate that Andritz will post 1.56 earnings per share for the current fiscal year.

About Andritz

Andritz AG is a global technology group based in Graz, Austria, with a history dating back to its founding in 1852. The company specializes in providing equipment, systems, and services for industrial processes across four key business areas: Hydropower, Pulp & Paper, Metals, and Separation. Through a combination of engineering expertise and in-house manufacturing, Andritz develops tailored solutions that meet the demands of energy efficiency, resource optimization, and environmental sustainability.

In its Hydropower division, Andritz designs and installs turbines, generators, and automation systems for run-of-river, reservoir and pumped storage plants.