Voestalpine (OTCMKTS:VLPNY) Stock Price Down 10.4% After Earnings Miss

Voestalpine AG (OTCMKTS:VLPNY) was down 10.4% during mid-day trading on Thursday following a dissappointing earnings announcement. The stock traded as low as $8.3250 and last traded at $8.33. Approximately 323 shares changed hands during mid-day trading, a decline of 93% from the average daily volume of 4,603 shares. The stock had previously closed at $9.30.

The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.07). The firm had revenue of $4.21 billion during the quarter, compared to the consensus estimate of $4.20 billion. Voestalpine had a net margin of 3.39% and a return on equity of 6.66%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on VLPNY shares. Zacks Research raised Voestalpine from a “strong sell” rating to a “hold” rating in a report on Thursday, October 29th. Deutsche Bank reiterated a “buy” rating on shares of Voestalpine in a report on Friday, September 4th. Finally, UBS Group raised shares of Voestalpine from a “hold” rating to a “buy” rating in a research report on Friday, October 9th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Voestalpine Stock Performance

The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.54 and a current ratio of 1.41. The company has a market cap of $7.14 billion, a P/E ratio of 11.90 and a beta of 1.48. The stock’s fifty day moving average price is $9.80 and its two-hundred day moving average price is $10.02.

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.