Voestalpine (OTCMKTS:VLPNY) Shares Gap Down – What’s Next?

by · The Cerbat Gem

Voestalpine AG (OTCMKTS:VLPNY – Get Free Report)’s share price gapped down prior to trading on Friday . The stock had previously closed at $9.33, but opened at $9.02. Voestalpine shares last traded at $9.02, with a volume of 454 shares changing hands.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Voestalpine in a research note on Thursday, November 13th. Morgan Stanley reissued an “overweight” rating on shares of Voestalpine in a research note on Monday, November 17th. Citigroup reaffirmed a “neutral” rating on shares of Voestalpine in a research note on Friday, December 5th. Finally, UBS Group raised Voestalpine from a “hold” rating to a “buy” rating in a report on Monday, November 17th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Voestalpine presently has a consensus rating of “Moderate Buy”.

Read Our Latest Report on VLPNY

Voestalpine Trading Down 3.3%

The firm has a market capitalization of $7.73 billion, a price-to-earnings ratio of 31.10 and a beta of 1.35. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.53 and a current ratio of 1.32. The business has a fifty day moving average price of $7.63 and a 200 day moving average price of $6.46.

Voestalpine (OTCMKTS:VLPNY – Get Free Report) last released its quarterly earnings data on Wednesday, November 12th. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. Voestalpine had a return on equity of 3.10% and a net margin of 1.50%.The company had revenue of $4.31 billion for the quarter, compared to the consensus estimate of $4.31 billion. As a group, equities analysts forecast that Voestalpine AG will post 0.45 earnings per share for the current year.

About Voestalpine

(Get Free Report)

Voestalpine AG processes, develops, manufactures, and sells steel products in Austria, European Union, and internationally. The company operates through five segments: Steel, High Performance Metals, Metal Engineering, Metal Forming, and Other. The Steel division produces hot and cold-rolled steel strips, as well as electrogalvanized, hot-dip galvanized, and organically coated steel strips; and heavy plates for the energy sector, as well as turbine casings for automotive, white goods/consumer goods, building/construction, energy, mechanical engineering, and others.

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