Voestalpine (OTCMKTS:VLPNY) Shares Gap Down Following Weak Earnings

Shares of Voestalpine AG (OTCMKTS:VLPNY) gapped down before the market opened on Wednesday following a weaker than expected earnings announcement. The stock had previously closed at $9.26, but opened at $8.61. Voestalpine shares last traded at $8.61, with a volume of 100 shares traded.

The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.06). Voestalpine had a return on equity of 6.66% and a net margin of 3.39%.

Wall Street Analyst Weigh In

VLPNY has been the topic of several recent analyst reports. UBS Group upgraded Voestalpine from a “hold” rating to a “buy” rating in a report on Friday, October 9th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Voestalpine in a report on Friday, September 4th. Finally, Zacks Research raised shares of Voestalpine from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 29th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Voestalpine Trading Down 7.0%

The company has a market cap of $7.38 billion, a PE ratio of 12.30 and a beta of 1.48. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.54 and a current ratio of 1.41. The company has a 50 day simple moving average of $9.83 and a two-hundred day simple moving average of $10.02.

Voestalpine Company Profile

voestalpine AG is an Austria-based steel and technology group headquartered in Linz. Its business spans steel production and processing, specialty metals, metal forming, and railway infrastructure. The company supplies products and services to industries including automotive, rail, aerospace, energy, and mechanical engineering. Its offerings include high-performance steels and components, automotive parts, tooling, and rail, switch, and signaling systems. voestalpine’s roots trace to steelworks established in Linz in 1938.