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

Shares of Andritz (OTCMKTS:ADRZY) gapped down before the market opened on Monday. The stock had previously closed at $19.70, but opened at $18.3945. Andritz shares last traded at $18.3945, with a volume of 614 shares traded.

Analysts Set New Price Targets

Separately, Zacks Research raised 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Andritz Stock Performance

The firm’s fifty day moving average price is $19.29 and its 200-day moving average price is $17.96. The company has a current ratio of 1.07, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The firm has a market cap of $9.70 billion, a price-to-earnings ratio of 16.66 and a beta of 1.14.

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

Andritz Company Profile

Andritz AG is an Austria-based international technology and engineering group headquartered in Graz. Founded in 1852, the company develops, designs and supplies plants, systems, equipment and services for industrial production and infrastructure projects.

Its main business areas include pulp and paper, metals, hydropower, and environment and energy. Andritz provides technologies for pulp and paper production, paper and tissue processing, metal forming and processing, hydropower generation, wastewater treatment, sludge management, biomass and renewable-energy applications, and related industrial services.

Andritz serves customers worldwide through production facilities, engineering operations and service locations across Europe, the Americas, Asia and other international markets.