Voestalpine (OTCMKTS:VLPNY) Shares Gap Down – Here’s What Happened

Voestalpine AG (OTCMKTS:VLPNY)’s stock price gapped down prior to trading on Thursday. The stock had previously closed at $10.15, but opened at $9.4550. Voestalpine shares last traded at $9.4550, with a volume of 227 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Zacks Research cut shares of Voestalpine from a “hold” rating to a “strong sell” rating in a research report on Wednesday, September 30th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Voestalpine in a research report on Friday, September 4th. Finally, Citigroup restated a “neutral” rating on shares of Voestalpine in a report on Thursday, June 11th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold”.

Voestalpine Price Performance

The company has a debt-to-equity ratio of 0.19, a current ratio of 1.41 and a quick ratio of 0.54. The company’s 50-day moving average price is $10.33 and its 200-day moving average price is $10.10. The company has a market cap of $8.11 billion, a P/E ratio of 13.51 and a beta of 1.40.

Voestalpine (OTCMKTS:VLPNY) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.01). The company had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.38 billion. Voestalpine had a net margin of 3.39% and a return on equity of 6.66%. As a group, sell-side analysts predict that Voestalpine AG will post 0.83 earnings per share for the current fiscal year.

Voestalpine Company Profile

voestalpine AG is an Austria-based technology and capital goods group headquartered in Linz. The company develops, produces and processes steel and other metal products for industrial customers worldwide, with a focus on specialized materials, advanced manufacturing and value-added components rather than commodity steel alone.

Its activities 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 railway infrastructure systems, welding consumables, automotive components, precision-formed parts, and solutions for the energy, aerospace, mechanical engineering and other industrial sectors.

voestalpine traces its origins to Austria’s postwar steel industry and adopted its current name in the 1970s.