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

Andritz (OTCMKTS:ADRZY) gapped down before the market opened on Friday . The stock had previously closed at $18.75, but opened at $17.6750. Andritz shares last traded at $17.6750, with a volume of 397 shares.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Andritz in a report on Thursday, May 14th. Zacks Research cut shares of Andritz from a “hold” rating to a “strong sell” rating in a research report on Monday, June 8th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold”.

Andritz Stock Performance

The company has a market capitalization of $9.19 billion, a price-to-earnings ratio of 16.07 and a beta of 1.14. The stock’s fifty day simple moving average is $17.55 and its 200-day simple moving average is $16.72. The company has a current ratio of 1.13, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23.

Andritz (OTCMKTS:ADRZY) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.02). The company had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.08 billion. Andritz had a return on equity of 20.19% and a net margin of 5.81%. Analysts predict that Andritz will post 1.24 EPS for the current year.

Andritz Company Profile

Andritz AG is a global technology group based in Graz, Austria, with a history dating back to its founding in 1852. The company specializes in providing equipment, systems, and services for industrial processes across four key business areas: Hydropower, Pulp & Paper, Metals, and Separation. Through a combination of engineering expertise and in-house manufacturing, Andritz develops tailored solutions that meet the demands of energy efficiency, resource optimization, and environmental sustainability.

In its Hydropower division, Andritz designs and installs turbines, generators, and automation systems for run-of-river, reservoir and pumped storage plants.