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

Andritz (OTCMKTS:ADRZY)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $17.5828, but opened at $16.73. Andritz shares last traded at $16.71, with a volume of 403 shares traded.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ADRZY. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Andritz in a research note on Thursday, May 14th. Zacks Research cut shares of Andritz from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 30th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Andritz Stock Down 2.3%

The company has a current ratio of 1.13, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23. The firm has a market cap of $8.65 billion, a P/E ratio of 15.13 and a beta of 1.13. The company’s 50 day simple moving average is $16.08 and its 200-day simple moving average is $16.18.

Andritz (OTCMKTS:ADRZY) last posted 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 company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.08 billion. Andritz had a net margin of 5.81% and a return on equity of 20.19%. Research analysts forecast that Andritz will post 1.24 earnings per share for the current fiscal year.

Andritz Company Profile

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.