Voestalpine (OTCMKTS:VLPNY) Shares Gap Down – Time to Sell?
by Doug Wharley · The Cerbat GemVoestalpine AG (OTCMKTS:VLPNY – Get Free Report)’s share price gapped down prior to trading on Monday . The stock had previously closed at $10.99, but opened at $10.30. Voestalpine shares last traded at $10.30, with a volume of 659 shares trading hands.
Wall Street Analyst Weigh In
VLPNY has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Voestalpine in a research note on Thursday, February 12th. Morgan Stanley reissued an “overweight” rating on shares of Voestalpine in a research note on Tuesday, February 24th. Citigroup reissued a “neutral” rating on shares of Voestalpine in a research note on Friday, April 17th. Finally, Barclays reissued an “overweight” rating on shares of Voestalpine in a research note on Monday, February 23rd. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy”.
Get Our Latest Research Report on Voestalpine
Voestalpine Stock Up 1.6%
The business has a fifty day simple moving average of $9.64 and a two-hundred day simple moving average of $9.22. The company has a current ratio of 1.33, a quick ratio of 0.45 and a debt-to-equity ratio of 0.16. The company has a market cap of $8.88 billion, a PE ratio of 30.46 and a beta of 1.42.
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.