Andritz (OTCMKTS:ADRZY) Upgraded by Zacks Research to Hold Rating

Zacks Research upgraded shares of Andritz (OTCMKTS:ADRZY) from a strong sell rating to a hold rating in a research note issued to investors on Tuesday morning,Zacks.com reports.

Separately, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Andritz in a research report on Thursday, May 14th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Andritz presently has an average rating of “Moderate Buy”.

Andritz Stock Performance

Shares of OTCMKTS:ADRZY opened at $16.14 on Tuesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.13 and a quick ratio of 0.88. Andritz has a 1 year low of $13.59 and a 1 year high of $19.20. The firm has a market capitalization of $8.39 billion, a PE ratio of 14.67 and a beta of 1.15. The business’s 50 day moving average price is $17.75 and its 200-day moving average price is $16.87.

Andritz (OTCMKTS:ADRZY) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.02). Andritz had a net margin of 5.81% and a return on equity of 20.19%. The firm had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.08 billion. As a group, equities research analysts expect that Andritz will post 1.24 earnings per share for the current fiscal year.

About Andritz

Andritz AG is a global technology group based in Graz, Austria, with a history dating back to its founding in 1852. The company specializes in providing equipment, systems, and services for industrial processes across four key business areas: Hydropower, Pulp & Paper, Metals, and Separation. Through a combination of engineering expertise and in-house manufacturing, Andritz develops tailored solutions that meet the demands of energy efficiency, resource optimization, and environmental sustainability.

In its Hydropower division, Andritz designs and installs turbines, generators, and automation systems for run-of-river, reservoir and pumped storage plants.