Voestalpine (OTCMKTS:VLPNY) Shares Gap Up – Time to Buy?

Voestalpine AG (OTCMKTS:VLPNY) shares gapped up before the market opened on Thursday . The stock had previously closed at $10.00, but opened at $10.6220. Voestalpine shares last traded at $10.6220, with a volume of 164 shares.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Citigroup restated a “neutral” rating on shares of Voestalpine in a report on Thursday, June 11th. UBS Group cut shares of Voestalpine from a “buy” rating to a “neutral” rating in a research note on Monday, June 8th. Zacks Research downgraded shares of Voestalpine from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 1st. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Voestalpine in a research note on Friday, September 4th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Voestalpine presently has an average rating of “Moderate Buy”.

Voestalpine Price Performance

The stock has a market cap of $9.11 billion, a price-to-earnings ratio of 15.17 and a beta of 1.44. The stock has a fifty day simple moving average of $10.24 and a 200-day simple moving average of $10.05. The company has a current ratio of 1.41, a quick ratio of 0.54 and a debt-to-equity ratio of 0.19.

Voestalpine (OTCMKTS:VLPNY) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.01). Voestalpine had a return on equity of 6.66% and a net margin of 3.39%.The business had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.38 billion. As a group, equities research analysts expect that Voestalpine AG will post 0.83 EPS for the current year.

About Voestalpine

voestalpine AG is an Austria-based technology and industrial group specializing in steel, metal products and advanced manufacturing solutions. The company serves customers in the automotive, railway, aerospace, energy, construction and mechanical engineering industries.

Its operations are organized across four main divisions: Steel, High Performance Metals, Metal Engineering and Metal Forming. Products and services include high-quality flat steel, tool and special steels, rail and turnout systems, wire products, welding technology, precision tubes, automotive components and formed metal parts.