Voestalpine (OTCMKTS:VLPNY) Shares Gap Down – Here’s What Happened

Shares of Voestalpine AG (OTCMKTS:VLPNY) gapped down before the market opened on Wednesday . The stock had previously closed at $10.28, but opened at $9.70. Voestalpine shares last traded at $9.70, with a volume of 100 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on VLPNY shares. UBS Group downgraded Voestalpine from a “buy” rating to a “neutral” rating in a research report on Monday, June 8th. Citigroup restated a “neutral” rating on shares of Voestalpine in a research note on Thursday, June 11th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Voestalpine in a report on Thursday, June 4th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Voestalpine presently has a consensus rating of “Moderate Buy”.

Voestalpine Trading Down 1.2%

The company has a quick ratio of 0.45, a current ratio of 1.33 and a debt-to-equity ratio of 0.16. The company has a market cap of $8.21 billion, a P/E ratio of 15.70 and a beta of 1.43. The business has a 50-day moving average price of $10.39 and a two-hundred day moving average price of $9.80.

Voestalpine (OTCMKTS:VLPNY) last announced its quarterly earnings data on Wednesday, June 3rd. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.02. Voestalpine had a return on equity of 6.04% and a net margin of 2.97%.The firm had revenue of $4.59 billion during the quarter, compared to analyst estimates of $4.19 billion. On average, analysts predict that Voestalpine AG will post 0.84 EPS for the current year.

Voestalpine Company Profile

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.