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

Voestalpine AG (OTCMKTS:VLPNY) shares gapped down before the market opened on Monday . The stock had previously closed at $11.44, but opened at $10.6950. Voestalpine shares last traded at $10.6950, with a volume of 188 shares changing hands.

Analyst Upgrades and Downgrades

VLPNY has been the subject of a number of recent analyst reports. Barclays reaffirmed an “overweight” rating on shares of Voestalpine in a research report on Monday, February 23rd. Citigroup reissued a “neutral” rating on shares of Voestalpine in a research report on Friday, April 17th. Morgan Stanley reissued an “overweight” rating on shares of Voestalpine in a research report on Tuesday, February 24th. Finally, Deutsche Bank Aktiengesellschaft reissued 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 given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Voestalpine Price Performance

The stock has a market cap of $9.13 billion, a P/E ratio of 31.34 and a beta of 1.43. The firm has a 50-day moving average price of $9.94 and a 200-day moving average price of $9.52. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.45 and a current ratio of 1.33.

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.