Voestalpine (OTCMKTS:VLPNY) Sees Unusually-High Trading Volume – Time to Buy?

Voestalpine AG (OTCMKTS:VLPNY) saw unusually-high trading volume on Monday . Approximately 1,381 shares were traded during trading, an increase of 53% from the previous session’s volume of 902 shares.The stock last traded at $9.28 and had previously closed at $9.27.

Analyst Upgrades and Downgrades

A number of research firms recently commented on VLPNY. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Voestalpine in a research note on Thursday, November 13th. Citigroup reiterated a “neutral” rating on shares of Voestalpine in a research report on Friday, December 5th. Morgan Stanley reissued an “overweight” rating on shares of Voestalpine in a report on Tuesday, January 6th. Finally, UBS Group raised Voestalpine from a “hold” rating to a “buy” rating in a research note on Monday, November 17th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Voestalpine presently has a consensus rating of “Moderate Buy”.

Voestalpine Price Performance

The firm has a fifty day moving average of $8.31 and a two-hundred day moving average of $7.03. The company has a current ratio of 1.32, a quick ratio of 0.49 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $7.87 billion, a PE ratio of 31.64 and a beta of 1.32.

Voestalpine (OTCMKTS:VLPNY) last announced 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. The business had revenue of $4.31 billion for the quarter, compared to analysts’ expectations of $4.31 billion. Voestalpine had a return on equity of 3.10% and a net margin of 1.50%. Research analysts anticipate that Voestalpine AG will post 0.45 EPS for the current fiscal 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.