Andritz (OTCMKTS:ADRZY) Hits New 52-Week High – Here’s What Happened

Andritz (OTCMKTS:ADRZY) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $16.45 and last traded at $16.45, with a volume of 101 shares changing hands. The stock had previously closed at $15.09.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Andritz from a “strong sell” rating to a “hold” rating in a report on Monday, September 29th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Andritz Stock Up 1.2%

The business’s fifty day simple moving average is $14.84 and its 200 day simple moving average is $14.70. The stock has a market cap of $7.84 billion, a price-to-earnings ratio of 14.63 and a beta of 0.96. The company has a current ratio of 1.11, a quick ratio of 0.84 and a debt-to-equity ratio of 0.21.

Andritz (OTCMKTS:ADRZY) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.27 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.27. Andritz had a return on equity of 20.50% and a net margin of 5.84%.The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.24 billion. Equities analysts forecast that Andritz will post 1.1 earnings per share for the current fiscal year.

About Andritz

Andritz AG provides plants, equipment, and services for pulp and paper industry, metalworking and steel industries, hydropower stations, and solid/liquid separation in the municipal and industrial sectors in Europe, North America, South America, China, Asia, and internationally. It operates through four segments: Pulp & Paper, Metals, Hydro, and Separation.