Voestalpine (OTCMKTS:VLPNY) Shares Gap Down – Here’s Why
by Teresa Graham · The Cerbat GemVoestalpine AG (OTCMKTS:VLPNY – Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $9.01, but opened at $8.4995. Voestalpine shares last traded at $8.4995, with a volume of 139 shares.
Analyst Ratings Changes
VLPNY has been the topic of several recent research reports. Barclays reissued an “overweight” rating on shares of Voestalpine in a research note on Monday, February 23rd. Citigroup reiterated a “neutral” rating on shares of Voestalpine in a report on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Voestalpine in a research report on Thursday, February 12th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Voestalpine in a research report on Tuesday, February 24th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Voestalpine currently has an average rating of “Moderate Buy”.
Check Out Our Latest Analysis on VLPNY
Voestalpine Stock Performance
The company has a market capitalization of $7.59 billion, a price-to-earnings ratio of 26.04 and a beta of 1.38. The stock’s 50 day moving average price is $9.84 and its 200 day moving average price is $8.63. The company has a current ratio of 1.33, a quick ratio of 0.45 and a debt-to-equity ratio of 0.16.
Voestalpine (OTCMKTS:VLPNY – Get Free Report) last released its earnings results on Wednesday, February 11th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.01). Voestalpine had a return on equity of 3.55% and a net margin of 1.75%.The company had revenue of $4.13 billion for the quarter. Analysts expect that Voestalpine AG will post 0.45 earnings per share for the current year.
Voestalpine Company Profile
Voestalpine AG is a leading steel-based technology and capital goods group headquartered in Linz, Austria. The company specializes in the production of high-quality steel and sophisticated components for a range of industries, including automotive, railway systems, aerospace, energy, and construction. It operates across all major processing steps in steel production, from raw‐material processing and steelmaking to downstream activities such as coating, processing, and assembly.
Voestalpine’s portfolio is organized into several business divisions.