Voestalpine (OTCMKTS:VLPNY) Shares Gap Down – Here’s What Happened

Voestalpine AG (OTCMKTS:VLPNY)’s share price gapped down prior to trading on Monday . The stock had previously closed at $10.99, but opened at $10.30. Voestalpine shares last traded at $10.30, with a volume of 659 shares.

Analyst Upgrades and Downgrades

VLPNY has been the topic of a number of recent analyst reports. Citigroup reaffirmed a “neutral” rating on shares of Voestalpine in a research note on Friday, April 17th. Barclays reaffirmed an “overweight” rating on shares of Voestalpine in a research note on Monday, February 23rd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Voestalpine in a research note on Thursday, February 12th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Voestalpine in a research note on Tuesday, February 24th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Voestalpine Stock Performance

The company has a quick ratio of 0.45, a current ratio of 1.33 and a debt-to-equity ratio of 0.16. The company has a 50 day simple moving average of $9.65 and a 200-day simple moving average of $9.27. The stock has a market capitalization of $8.80 billion, a price-to-earnings ratio of 30.18 and a beta of 1.42.

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.