Voestalpine (OTCMKTS:VLPNY) Sees Unusually-High Trading Volume – Here’s Why

Voestalpine AG (OTCMKTS:VLPNY) shares saw an uptick in trading volume on Monday . 21,659 shares traded hands during trading, an increase of 465% from the previous session’s volume of 3,833 shares.The stock last traded at $11.58 and had previously closed at $11.10.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on VLPNY. Barclays restated an “overweight” rating on shares of Voestalpine in a research report on Monday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Voestalpine in a research note on Thursday, February 12th. Morgan Stanley restated an “overweight” rating on shares of Voestalpine in a research note on Tuesday, January 6th. UBS Group raised shares of Voestalpine from a “hold” rating to a “buy” rating in a report on Monday, November 17th. Finally, Citigroup reissued a “neutral” rating on shares of Voestalpine in a report on Thursday, January 22nd. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Voestalpine presently has a consensus rating of “Moderate Buy”.

Voestalpine Stock Performance

The stock’s 50-day moving average is $9.45 and its 200 day moving average is $7.94. The stock has a market cap of $9.70 billion, a price-to-earnings ratio of 33.28 and a beta of 1.33. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.32 and a quick ratio of 0.49.

Voestalpine (OTCMKTS:VLPNY) last issued its earnings results on Wednesday, February 11th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). Voestalpine had a return on equity of 3.59% and a net margin of 1.75%.The business had revenue of $4.13 billion for the quarter. As a group, 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.