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

Andritz (OTCMKTS:ADRZY)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $17.1545, but opened at $18.4424. Andritz shares last traded at $18.4424, with a volume of 173 shares changing hands.

Analysts Set New Price Targets

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

Andritz Stock Performance

The business has a fifty day simple moving average of $17.02 and a two-hundred day simple moving average of $16.48. The company has a quick ratio of 0.88, a current ratio of 1.13 and a debt-to-equity ratio of 0.23. The company has a market cap of $9.59 billion, a P/E ratio of 16.77 and a beta of 1.14.

Andritz (OTCMKTS:ADRZY) last posted its earnings results on Wednesday, April 29th. The company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.02). Andritz had a net margin of 5.81% and a return on equity of 20.19%. The firm had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.08 billion. On average, sell-side analysts anticipate 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.