Voestalpine (VLPNY) Lowered to “Hold” at Zacks Investment Research

Voestalpine (OTCMKTS:VLPNY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Saturday.

According to Zacks, “voestalpine AG is engaged in the production, processing and distribution of steel products. Its operating division consists of Steel, Special Steel, Metal Engineering, Metal Forming and Other. Steel division focuses on the production and processing of flat steel products for the automotive, white goods and construction industries. Special Steel division segment manufactures tool steel and high-speed steel. Metal Engineering division produces rails and turnout products, rod wire, drawn wire, premium seamless tubes and welding filler materials. Metal Forming division offers special sections, tube products, and precision strip steel as well as pre-finished system components. Other segment provides coordination services and assistance to the subsidiaries. voestalpine AG is headquartered in Linz, Austria. “

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Shares of VLPNY stock traded up $0.23 during trading hours on Friday, reaching $10.55. 233 shares of the stock were exchanged, compared to its average volume of 264. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.72 and a current ratio of 1.62. Voestalpine has a 12-month low of $7.84 and a 12-month high of $13.38. The firm has a market capitalization of $9,298.00, a price-to-earnings ratio of 17.01 and a beta of 2.41.

Voestalpine (OTCMKTS:VLPNY) last released its earnings results on Thursday, February 8th. The company reported $0.20 earnings per share for the quarter. Voestalpine had a net margin of 5.46% and a return on equity of 11.26%. The firm had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.72 billion. equities analysts forecast that Voestalpine will post 1 EPS for the current fiscal year.

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Voestalpine Company Profile

voestalpine AG processes, develops, and manufactures steel products worldwide. The company operates through five segments: Steel, High Performance Metals, Metal Engineering, Metal Forming, and Other. The Steel division produces and processes hot and cold-rolled steel; electrogalvanized, hot-dip galvanized, and organically coated plates; electrical steel strips; and heavy plates, as well as turbine casings.

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