Voestalpine (OTCMKTS:VLPNY) Shares Gap Up – Should You Buy?

Voestalpine AG (OTCMKTS:VLPNY) shares gapped up prior to trading on Wednesday . The stock had previously closed at $8.3650, but opened at $8.9850. Voestalpine shares last traded at $9.0915, with a volume of 849 shares trading hands.

Analyst Ratings Changes

A number of equities analysts recently issued reports on VLPNY shares. Morgan Stanley reaffirmed an “overweight” rating on shares of Voestalpine in a research report on Tuesday, February 24th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Voestalpine in a research report on Thursday, February 12th. Barclays reaffirmed an “overweight” rating on shares of Voestalpine in a research report on Monday, February 23rd. Finally, Citigroup reissued a “neutral” rating on shares of Voestalpine in a research report on Thursday, January 22nd. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Voestalpine Price Performance

The stock has a market cap of $7.74 billion, a price-to-earnings ratio of 26.54 and a beta of 1.27. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.33 and a quick ratio of 0.45. The stock’s 50 day simple moving average is $9.87 and its two-hundred day simple moving average is $8.58.

Voestalpine (OTCMKTS:VLPNY) last released its quarterly earnings data on Wednesday, February 11th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). The business had revenue of $4.13 billion for the quarter. Voestalpine had a return on equity of 3.55% and a net margin of 1.75%. On average, analysts forecast 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.