Voestalpine (OTCMKTS:VLPNY) Trading Down 6.1% – Here’s What Happened

Voestalpine AG (OTCMKTS:VLPNY) shares dropped 6.1% during trading on Wednesday . The stock traded as low as $8.17 and last traded at $8.17. Approximately 1,699 shares were traded during mid-day trading, a decline of 18% from the average daily volume of 2,071 shares. The stock had previously closed at $8.70.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on VLPNY. UBS Group raised Voestalpine from a “hold” rating to a “buy” rating in a report on Monday, November 17th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Voestalpine in a research report on Thursday, November 13th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Voestalpine in a report on Monday, November 17th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Voestalpine Price Performance

The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.53 and a current ratio of 1.35. The company has a 50-day moving average of $7.37 and a 200-day moving average of $6.31. The firm has a market capitalization of $7.00 billion, a price-to-earnings ratio of 28.17 and a beta of 1.35.

Voestalpine (OTCMKTS:VLPNY) last released its earnings results on Wednesday, November 12th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. The firm had revenue of $4.31 billion during the quarter, compared to analysts’ expectations of $4.31 billion. Voestalpine had a return on equity of 3.16% and a net margin of 1.50%. As a group, research analysts anticipate that Voestalpine AG will post 0.45 EPS for the current fiscal year.

Voestalpine Company Profile

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.