VOESTALPINE AG/ADR (OTCMKTS:VLPNY) Stock Rating Lowered by Zacks Investment Research

VOESTALPINE AG/ADR (OTCMKTS:VLPNY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Thursday, Zacks.com reports.

According to Zacks, “voestalpine AG is engaged in the production, processing and distribution of steel products. Its operating division consists of Steel, Special Steel, Metal Engineering, Metal Forming and Other. Steel division focuses on the production and processing of flat steel products for the automotive, white goods and construction industries. Special Steel division segment manufactures tool steel and high-speed steel. Metal Engineering division produces rails and turnout products, rod wire, drawn wire, premium seamless tubes and welding filler materials. Metal Forming division offers special sections, tube products, and precision strip steel as well as pre-finished system components. Other segment provides coordination services and assistance to the subsidiaries. voestalpine AG is headquartered in Linz, Austria. “

Separately, Bank of America downgraded shares of VOESTALPINE AG/ADR from a “buy” rating to an “underperform” rating in a research note on Friday, August 16th.

Shares of OTCMKTS:VLPNY traded up $0.09 during midday trading on Thursday, hitting $4.53. 7,659 shares of the company’s stock traded hands, compared to its average volume of 9,773. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.54 and a current ratio of 1.51. The company has a market cap of $3.84 billion, a PE ratio of 6.30 and a beta of 2.01. The firm’s fifty day moving average price is $5.16 and its two-hundred day moving average price is $5.80. VOESTALPINE AG/ADR has a twelve month low of $4.20 and a twelve month high of $9.29.

VOESTALPINE AG/ADR Company Profile

voestalpine AG processes, develops, and manufactures steel products worldwide. The company operates through five segments: Steel, High Performance Metals, Metal Engineering, Metal Forming, and Other. The Steel division produces hot and cold-rolled steel strips, as well as electrogalvanized, hot-dip galvanized, and organically coated steel strips; and heavy plates for the energy sector, as well as turbine casings.

Featured Story: What is the definition of market timing?

Get a free copy of the Zacks research report on VOESTALPINE AG/ADR (VLPNY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for VOESTALPINE AG/ADR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VOESTALPINE AG/ADR and related companies with MarketBeat.com's FREE daily email newsletter.