Andritz (OTCMKTS:ADRZY) Shares Gap Up – Here’s Why

Shares of Andritz (OTCMKTS:ADRZY) gapped up before the market opened on Monday. The stock had previously closed at $18.1450, but opened at $19.21. Andritz shares last traded at $18.1320, with a volume of 1,070 shares traded.

Analyst Ratings Changes

Separately, Zacks Research upgraded Andritz from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 7th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Andritz Stock Performance

The company has a market capitalization of $9.43 billion, a price-to-earnings ratio of 16.19 and a beta of 1.14. The firm has a fifty day simple moving average of $19.22 and a 200 day simple moving average of $18.03. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.07 and a quick ratio of 0.81.

Andritz (OTCMKTS:ADRZY) last announced its earnings results on Thursday, July 30th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.01). Andritz had a return on equity of 19.74% and a net margin of 5.77%. The business had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.23 billion. On average, analysts anticipate that Andritz will post 1.19 earnings per share for the current fiscal year.

About Andritz

Andritz AG is an Austria-based international technology and engineering group that develops, manufactures and services equipment, systems and technologies for industrial production and energy generation. The company serves customers throughout the life cycle of its products, including project development, engineering, installation, automation, maintenance and aftermarket services.

Its main business areas include pulp and paper production, metals processing, hydropower, and separation and environmental technologies.