Voestalpine AG (OTCMKTS:VLPNY – Get Free Report) shares gapped down before the market opened on Wednesday following a dissappointing earnings announcement. The stock had previously closed at $9.26, but opened at $8.61. Voestalpine shares last traded at $8.61, with a volume of 100 shares trading hands.
The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.06). Voestalpine had a net margin of 3.39% and a return on equity of 6.66%.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on VLPNY. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Voestalpine in a report on Friday, September 4th. Zacks Research upgraded Voestalpine from a “strong sell” rating to a “hold” rating in a report on Thursday, October 29th. Finally, UBS Group raised Voestalpine from a “hold” rating to a “buy” rating in a research report on Friday, October 9th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Voestalpine currently has a consensus rating of “Moderate Buy”.
Read Our Latest Stock Report on Voestalpine
Voestalpine Trading Down 7.0%
The company’s 50 day moving average price is $9.83 and its 200 day moving average price is $10.02. The company has a market cap of $7.38 billion, a price-to-earnings ratio of 12.30 and a beta of 1.48. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.54 and a current ratio of 1.41.
About Voestalpine
voestalpine AG is an Austria-based steel and technology group headquartered in Linz. Its business spans steel production and processing, specialty metals, metal forming, and railway infrastructure. The company supplies products and services to industries including automotive, rail, aerospace, energy, and mechanical engineering. Its offerings include high-performance steels and components, automotive parts, tooling, and rail, switch, and signaling systems. voestalpine’s roots trace to steelworks established in Linz in 1938.
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