Voestalpine (OTCMKTS:VLPNY) Shares Gap Up – Here’s Why

Shares of Voestalpine AG (OTCMKTS:VLPNY) gapped up prior to trading on Thursday . The stock had previously closed at $8.62, but opened at $8.93. Voestalpine shares last traded at $9.33, with a volume of 1,351 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on VLPNY shares. Morgan Stanley restated an “overweight” rating on shares of Voestalpine in a report on Monday, November 17th. UBS Group raised Voestalpine from a “hold” rating to a “buy” rating in a research report on Monday, November 17th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Voestalpine in a research report on Thursday, November 13th. Finally, Citigroup reissued a “neutral” rating on shares of Voestalpine in a report on Friday, December 5th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Voestalpine Trading Down 3.3%

The firm has a market capitalization of $7.73 billion, a P/E ratio of 31.10 and a beta of 1.35. The company has a quick ratio of 0.53, a current ratio of 1.32 and a debt-to-equity ratio of 0.17. The firm has a 50 day moving average of $7.66 and a 200-day moving average of $6.49.

Voestalpine (OTCMKTS:VLPNY) last issued 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 return on equity of 3.10% and a net margin of 1.50%.The company had revenue of $4.31 billion for the quarter, compared to analysts’ expectations of $4.31 billion. On average, equities research analysts predict that Voestalpine AG will post 0.45 earnings per share for the current fiscal year.

About Voestalpine

Voestalpine AG processes, develops, manufactures, and sells steel products in Austria, European Union, and internationally. The company operates through five segments: Steel, High Performance Metals, Metal Engineering, Metal Forming, and Other. The Steel division produces hot and cold-rolled steel strips, as well as electrogalvanized, hot-dip galvanized, and organically coated steel strips; and heavy plates for the energy sector, as well as turbine casings for automotive, white goods/consumer goods, building/construction, energy, mechanical engineering, and others.