Voestalpine (OTCMKTS:VLPNY) Sets New 1-Year High – Here’s Why

Shares of Voestalpine AG (OTCMKTS:VLPNY) hit a new 52-week high during trading on Wednesday . The company traded as high as $9.55 and last traded at $9.55, with a volume of 2634 shares changing hands. The stock had previously closed at $9.55.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on VLPNY. Citigroup reaffirmed a “neutral” rating on shares of Voestalpine in a research report on Thursday, January 22nd. Morgan Stanley reiterated an “overweight” rating on shares of Voestalpine in a research note on Tuesday, January 6th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Voestalpine in a report on Thursday, November 13th. Finally, UBS Group upgraded shares of 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 company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Voestalpine Stock Performance

The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.49 and a current ratio of 1.32. The stock has a fifty day moving average of $8.80 and a 200 day moving average of $7.34. The company has a market capitalization of $8.19 billion, a PE ratio of 32.93 and a beta of 1.32.

Voestalpine (OTCMKTS:VLPNY) last posted its quarterly earnings data on Wednesday, November 12th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.12 by $0.01. Voestalpine had a net margin of 1.50% and a return on equity of 3.10%. The company had revenue of $4.31 billion during the quarter, compared to analyst estimates of $4.31 billion. As a group, sell-side analysts predict that Voestalpine AG will post 0.45 earnings per share for the current fiscal year.

About Voestalpine

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.