Voestalpine (OTCMKTS:VLPNY) Shares Gap Down – Here’s Why

Voestalpine AG (OTCMKTS:VLPNY)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $10.2750, but opened at $9.8050. Voestalpine shares last traded at $9.50, with a volume of 3,387 shares trading hands.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on VLPNY. Morgan Stanley reiterated an “overweight” rating on shares of Voestalpine in a research report on Tuesday, February 24th. Citigroup reiterated a “neutral” rating on shares of Voestalpine in a research report on Friday, April 17th. Barclays reiterated an “overweight” rating on shares of Voestalpine in a research report on Monday, February 23rd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Voestalpine in a research report on Thursday, February 12th. Four 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”.

Voestalpine Trading Up 6.6%

The business has a 50 day moving average of $9.70 and a 200-day moving average of $9.05. 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 firm has a market capitalization of $9.14 billion, a P/E ratio of 31.37 and a beta of 1.42.

Voestalpine (OTCMKTS:VLPNY) last posted its earnings results on Wednesday, February 11th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). Voestalpine had a return on equity of 3.55% and a net margin of 1.75%.The business had revenue of $4.13 billion for the quarter. Analysts anticipate that Voestalpine AG will post 0.51 EPS for the current fiscal 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.