Voestalpine (OTCMKTS:VLPNY) Shares Gap Up – What’s Next?

Shares of Voestalpine AG (OTCMKTS:VLPNY) gapped up before the market opened on Friday. The stock had previously closed at $10.10, but opened at $10.56. Voestalpine shares last traded at $10.56, with a volume of 390 shares changing hands.

Wall Street Analyst Weigh In

VLPNY has been the subject of several research analyst reports. Citigroup reaffirmed a “neutral” rating on shares of Voestalpine in a research note on Thursday, June 11th. UBS Group lowered Voestalpine from a “buy” rating to a “neutral” rating in a report on Monday, June 8th. Zacks Research cut Voestalpine from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 1st. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Voestalpine in a research note on Friday, September 4th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Voestalpine presently has an average rating of “Moderate Buy”.

Voestalpine Stock Performance

The stock’s 50 day moving average price is $10.29 and its 200 day moving average price is $10.04. The company has a current ratio of 1.41, a quick ratio of 0.54 and a debt-to-equity ratio of 0.19. The company has a market cap of $8.70 billion, a price-to-earnings ratio of 14.50 and a beta of 1.44.

Voestalpine (OTCMKTS:VLPNY) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). The firm had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.38 billion. Voestalpine had a return on equity of 6.66% and a net margin of 3.39%. On average, analysts expect that Voestalpine AG will post 0.83 EPS for the current fiscal year.

About Voestalpine

voestalpine AG is an Austria-based technology and industrial group specializing in steel, metal products and advanced manufacturing solutions. The company serves customers in the automotive, railway, aerospace, energy, construction and mechanical engineering industries.

Its operations are organized across four main divisions: Steel, High Performance Metals, Metal Engineering and Metal Forming. Products and services include high-quality flat steel, tool and special steels, rail and turnout systems, wire products, welding technology, precision tubes, automotive components and formed metal parts.