Voestalpine (OTCMKTS:VLPNY) Shares Gap Up – Still a Buy?

Voestalpine AG (OTCMKTS:VLPNY)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $8.62, but opened at $8.93. Voestalpine shares last traded at $9.33, with a volume of 1,351 shares traded.

Wall Street Analyst Weigh In

Several analysts recently commented on VLPNY shares. UBS Group raised Voestalpine from a “hold” rating to a “buy” rating in a research note on Monday, November 17th. Morgan Stanley reissued an “overweight” rating on shares of Voestalpine in a report on Monday, November 17th. Citigroup restated a “neutral” rating on shares of Voestalpine in a research note on Friday, December 5th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Voestalpine in a report on Thursday, November 13th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

Voestalpine Stock Up 8.2%

The firm has a 50 day moving average price of $7.59 and a 200-day moving average price of $6.44. The firm has a market cap of $8.00 billion, a price-to-earnings ratio of 32.17 and a beta of 1.35. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.35 and a quick ratio of 0.53.

Voestalpine (OTCMKTS:VLPNY) last announced its quarterly earnings data on Wednesday, November 12th. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. Voestalpine had a return on equity of 3.16% and a net margin of 1.50%.The firm had revenue of $4.31 billion during the quarter, compared to analyst estimates of $4.31 billion. As a group, equities analysts predict that Voestalpine AG will post 0.45 EPS for the current fiscal year.

Voestalpine Company Profile

Voestalpine AG processes, develops, manufactures, and sells steel products in Austria, European Union, and internationally. 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 for automotive, white goods/consumer goods, building/construction, energy, mechanical engineering, and others.