Voestalpine (OTCMKTS:VLPNY) Trading Down 17.1% – Should You Sell?

Voestalpine AG (OTCMKTS:VLPNY)’s share price dropped 17.1% during trading on Tuesday . The company traded as low as $9.3669 and last traded at $9.6550. Approximately 2,582 shares changed hands during trading, a decline of 33% from the average daily volume of 3,830 shares. The stock had previously closed at $11.6450.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on VLPNY. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Voestalpine in a report on Thursday, February 12th. UBS Group upgraded shares of Voestalpine from a “hold” rating to a “buy” rating in a research report on Monday, November 17th. Morgan Stanley restated an “overweight” rating on shares of Voestalpine in a report on Tuesday, February 24th. Barclays reissued an “overweight” rating on shares of Voestalpine in a research note on Monday, February 23rd. Finally, Citigroup reaffirmed a “neutral” rating on shares of Voestalpine in a research note on Thursday, January 22nd. Four 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 Stock Down 5.5%

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 50-day simple moving average of $9.75 and a 200 day simple moving average of $8.17. The company has a market cap of $8.60 billion, a P/E ratio of 29.50 and a beta of 1.27.

Voestalpine (OTCMKTS:VLPNY) last posted its quarterly earnings results on Wednesday, February 11th. The company reported $0.08 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 company had revenue of $4.13 billion during the quarter. On average, equities analysts anticipate that Voestalpine AG will post 0.45 EPS for the current 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.