Voestalpine (OTCMKTS:VLPNY) Shares Gap Down – Should You Sell?

Shares of Voestalpine AG (OTCMKTS:VLPNY) gapped down prior to trading on Monday . The stock had previously closed at $10.40, but opened at $9.84. Voestalpine shares last traded at $9.92, with a volume of 1,129 shares changing hands.

Wall Street Analyst Weigh In

VLPNY has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Voestalpine in a research report on Thursday, February 12th. Barclays reaffirmed an “overweight” rating on shares of Voestalpine in a research note on Monday, February 23rd. Citigroup reiterated a “neutral” rating on shares of Voestalpine in a report on Friday. Finally, Morgan Stanley restated an “overweight” rating on shares of Voestalpine in a report on Tuesday, February 24th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Voestalpine Trading Up 0.4%

The company has a quick ratio of 0.45, a current ratio of 1.33 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $8.53 billion, a P/E ratio of 29.26 and a beta of 1.38. The company has a fifty day simple moving average of $9.86 and a two-hundred day simple moving average of $8.88.

Voestalpine (OTCMKTS:VLPNY) last announced its quarterly earnings results on Wednesday, February 11th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.01). Voestalpine had a return on equity of 3.55% and a net margin of 1.75%.The business had revenue of $4.13 billion during the quarter. On average, sell-side analysts expect that Voestalpine AG will post 0.51 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.