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

Voestalpine AG (OTCMKTS:VLPNY) shares gapped down before the market opened on Monday . The stock had previously closed at $9.55, but opened at $9.01. Voestalpine shares last traded at $9.01, with a volume of 1,802 shares traded.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Citigroup reissued a “neutral” rating on shares of Voestalpine in a research report on Thursday. Morgan Stanley reaffirmed an “overweight” rating on shares of Voestalpine in a research note on Tuesday, January 6th. UBS Group raised shares of Voestalpine from a “hold” rating to a “buy” rating in a research report on Monday, November 17th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Voestalpine in a research note on Thursday, November 13th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Voestalpine Stock Performance

The company has a 50-day moving average price of $8.73 and a two-hundred day moving average price of $7.29. The stock has a market capitalization of $8.19 billion, a P/E ratio of 32.93 and a beta of 1.32. The company has a quick ratio of 0.49, a current ratio of 1.32 and a debt-to-equity ratio of 0.17.

Voestalpine (OTCMKTS:VLPNY) last posted its quarterly earnings results on Wednesday, November 12th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.12 by $0.01. The firm had revenue of $4.31 billion for the quarter, compared to the consensus estimate of $4.31 billion. Voestalpine had a net margin of 1.50% and a return on equity of 3.10%. Equities analysts expect that Voestalpine AG will post 0.45 earnings per share for the current year.

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.