Voestalpine (OTCMKTS:VLPNY) Sees Large Volume Increase – Here’s What Happened

Shares of Voestalpine AG (OTCMKTS:VLPNY) saw unusually-strong trading volume on Tuesday . Approximately 5,101 shares changed hands during trading, a decline of 9% from the previous session’s volume of 5,625 shares.The stock last traded at $11.21 and had previously closed at $10.61.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on VLPNY. Citigroup reiterated a “neutral” rating on shares of Voestalpine in a report on Thursday, June 11th. UBS Group cut Voestalpine from a “buy” rating to a “neutral” rating in a report on Monday, June 8th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Voestalpine in a research report on Thursday, June 4th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Voestalpine Stock Up 4.7%

The company has a debt-to-equity ratio of 0.20, a current ratio of 1.35 and a quick ratio of 0.55. The stock has a market cap of $9.54 billion, a price-to-earnings ratio of 18.25 and a beta of 1.44. The firm has a 50 day simple moving average of $10.13 and a two-hundred day simple moving average of $9.98.

Voestalpine (OTCMKTS:VLPNY) last issued its quarterly earnings data on Wednesday, June 3rd. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.02. Voestalpine had a net margin of 2.97% and a return on equity of 5.98%. The firm had revenue of $4.59 billion during the quarter, compared to analysts’ expectations of $4.19 billion. As a group, sell-side analysts expect that Voestalpine AG will post 0.88 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.