Andritz (OTCMKTS:ADRZY) Shares Gap Down – Here’s What Happened

Shares of Andritz (OTCMKTS:ADRZY) gapped down before the market opened on Friday . The stock had previously closed at $18.75, but opened at $17.6750. Andritz shares last traded at $17.6750, with a volume of 397 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Zacks Research lowered Andritz from a “hold” rating to a “strong sell” rating in a research note on Monday, June 8th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Andritz in a research report on Thursday, May 14th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Andritz Price Performance

The company has a debt-to-equity ratio of 0.23, a current ratio of 1.13 and a quick ratio of 0.88. The stock has a market capitalization of $9.19 billion, a price-to-earnings ratio of 16.07 and a beta of 1.14. The stock has a 50 day moving average price of $17.55 and a 200-day moving average price of $16.72.

Andritz (OTCMKTS:ADRZY) last announced its earnings results on Wednesday, April 29th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.02). The business had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.08 billion. Andritz had a return on equity of 20.19% and a net margin of 5.81%. On average, analysts forecast that Andritz will post 1.24 earnings per share for the current year.

About Andritz

Andritz AG is a global technology group based in Graz, Austria, with a history dating back to its founding in 1852. The company specializes in providing equipment, systems, and services for industrial processes across four key business areas: Hydropower, Pulp & Paper, Metals, and Separation. Through a combination of engineering expertise and in-house manufacturing, Andritz develops tailored solutions that meet the demands of energy efficiency, resource optimization, and environmental sustainability.

In its Hydropower division, Andritz designs and installs turbines, generators, and automation systems for run-of-river, reservoir and pumped storage plants.