Voestalpine (OTCMKTS:VLPNY) Shares Gap Down – Time to Sell?

Voestalpine AG (OTCMKTS:VLPNY) gapped down before the market opened on Tuesday . The stock had previously closed at $9.2940, but opened at $8.7450. Voestalpine shares last traded at $8.74, with a volume of 1,332 shares traded.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Voestalpine in a research report on Thursday, November 13th. Morgan Stanley reiterated an “overweight” rating on shares of Voestalpine in a report on Tuesday, January 6th. Citigroup reissued a “neutral” rating on shares of Voestalpine in a research report on Friday, December 5th. Finally, UBS Group raised shares of Voestalpine from a “hold” rating to a “buy” rating in a research report on Monday, November 17th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Voestalpine Stock Up 1.5%

The company has a debt-to-equity ratio of 0.17, a current ratio of 1.32 and a quick ratio of 0.49. The firm has a 50-day moving average of $8.58 and a 200 day moving average of $7.18. The stock has a market capitalization of $7.78 billion, a price-to-earnings ratio of 31.31 and a beta of 1.32.

Voestalpine (OTCMKTS:VLPNY) last announced its quarterly earnings data on Wednesday, November 12th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. The company had revenue of $4.31 billion for the quarter, compared to analysts’ expectations of $4.31 billion. Voestalpine had a return on equity of 3.10% and a net margin of 1.50%. As a group, sell-side analysts forecast that Voestalpine AG will post 0.45 earnings per share for the current fiscal 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.