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

Shares of Voestalpine AG (OTCMKTS:VLPNY) gapped up before the market opened on Wednesday . The stock had previously closed at $10.06, but opened at $10.55. Voestalpine shares last traded at $10.64, with a volume of 1,997 shares.

Analyst Upgrades and Downgrades

VLPNY has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Voestalpine in a research report on Thursday, June 4th. Zacks Research upgraded Voestalpine from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 3rd. Citigroup reissued a “neutral” rating on shares of Voestalpine in a research note on Thursday, June 11th. Finally, UBS Group downgraded shares of Voestalpine from a “buy” rating to a “neutral” rating in a research report on Monday, June 8th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Voestalpine presently has a consensus rating of “Moderate Buy”.

Voestalpine Trading Up 5.8%

The company has a quick ratio of 0.55, a current ratio of 1.35 and a debt-to-equity ratio of 0.20. The firm has a market cap of $9.12 billion, a P/E ratio of 15.20 and a beta of 1.44. The firm’s 50-day simple moving average is $10.09 and its 200 day simple moving average is $10.11.

Voestalpine (OTCMKTS:VLPNY) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). Voestalpine had a return on equity of 6.74% and a net margin of 3.39%.The business had revenue of $4.64 billion during the quarter, compared to analysts’ expectations of $4.38 billion. As a group, analysts expect that Voestalpine AG will post 0.83 earnings per share for the current year.

About Voestalpine

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.