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

Andritz (OTCMKTS:ADRZY) gapped down before the market opened on Monday. The stock had previously closed at $19.70, but opened at $18.3945. Andritz shares last traded at $18.3945, with a volume of 614 shares traded.

Analyst Ratings Changes

Separately, Zacks Research upgraded Andritz from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 7th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Andritz Stock Down 6.6%

The company’s fifty day simple moving average is $19.35 and its 200-day simple moving average is $17.90. The firm has a market capitalization of $9.57 billion, a PE ratio of 16.42 and a beta of 1.14. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.07 and a quick ratio of 0.81.

Andritz (OTCMKTS:ADRZY) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.01). The business had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.23 billion. Andritz had a net margin of 5.77% and a return on equity of 19.74%. On average, analysts forecast that Andritz will post 1.23 EPS for the current year.

Andritz Company Profile

Andritz AG is an Austria-based international technology and engineering group headquartered in Graz. Founded in 1852, the company develops, designs and supplies plants, systems, equipment and services for industrial production and infrastructure projects.

Its main business areas include pulp and paper, metals, hydropower, and environment and energy. Andritz provides technologies for pulp and paper production, paper and tissue processing, metal forming and processing, hydropower generation, wastewater treatment, sludge management, biomass and renewable-energy applications, and related industrial services.

Andritz serves customers worldwide through production facilities, engineering operations and service locations across Europe, the Americas, Asia and other international markets.