Voestalpine (OTCMKTS:VLPNY) Sees Large Volume Increase – Time to Buy?

Voestalpine AG (OTCMKTS:VLPNY) saw unusually-high trading volume on Thursday . Approximately 10,357 shares changed hands during trading, an increase of 248% from the previous session’s volume of 2,974 shares.The stock last traded at $9.38 and had previously closed at $9.55.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. UBS Group raised Voestalpine from a “hold” rating to a “buy” rating in a report on Monday, November 17th. Citigroup restated a “neutral” rating on shares of Voestalpine in a report on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Voestalpine in a research report on Thursday, November 13th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Voestalpine in a research note on Tuesday, January 6th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Voestalpine Price Performance

The company has a current ratio of 1.32, a quick ratio of 0.49 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $7.93 billion, a P/E ratio of 31.91 and a beta of 1.32. The firm has a fifty day moving average of $8.89 and a 200 day moving average of $7.39.

Voestalpine (OTCMKTS:VLPNY) last announced its quarterly earnings results on Wednesday, November 12th. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. Voestalpine had a net margin of 1.50% and a return on equity of 3.10%. The firm had revenue of $4.31 billion during the quarter, compared to analyst estimates of $4.31 billion. On average, equities research analysts anticipate that Voestalpine AG will post 0.45 EPS 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.