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

Shares of Andritz (OTCMKTS:ADRZY) gapped up before the market opened on Friday. The stock had previously closed at $18.4360, but opened at $19.70. Andritz shares last traded at $19.70, with a volume of 404 shares trading hands.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Andritz from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 7th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Andritz Trading Up 6.9%

The business has a 50 day moving average of $19.36 and a 200 day moving average of $17.87. The firm has a market capitalization of $10.24 billion, a price-to-earnings ratio of 17.59 and a beta of 1.14. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.07 and a quick ratio of 0.81.

Andritz (OTCMKTS:ADRZY) last issued its earnings results on Thursday, July 30th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). The company had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.23 billion. Andritz had a return on equity of 19.74% and a net margin of 5.77%. As a group, research analysts predict that Andritz will post 1.23 earnings per share for the current fiscal 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.