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

Voestalpine AG (OTCMKTS:VLPNY)’s share price gapped down prior to trading on Friday . The stock had previously closed at $10.6220, but opened at $10.10. Voestalpine shares last traded at $10.10, with a volume of 144 shares changing hands.

Analyst Upgrades and Downgrades

VLPNY has been the topic of several analyst reports. UBS Group downgraded shares of Voestalpine from a “buy” rating to a “neutral” rating in a research note on Monday, June 8th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Voestalpine in a research report on Friday, September 4th. Zacks Research lowered Voestalpine from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 1st. Finally, Citigroup reiterated a “neutral” rating on shares of Voestalpine in a research report on Thursday, June 11th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Voestalpine currently has a consensus rating of “Moderate Buy”.

Voestalpine Stock Performance

The company’s 50 day moving average is $10.26 and its 200 day moving average is $10.04. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.54 and a current ratio of 1.41. The firm has a market cap of $8.66 billion, a P/E ratio of 14.43 and a beta of 1.44.

Voestalpine (OTCMKTS:VLPNY) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.01). Voestalpine had a return on equity of 6.66% and a net margin of 3.39%.The business had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.38 billion. As a group, equities analysts predict that Voestalpine AG will post 0.83 earnings per share for the current fiscal year.

Voestalpine Company Profile

voestalpine AG is an Austria-based technology and industrial group specializing in steel, metal products and advanced manufacturing solutions. The company serves customers in the automotive, railway, aerospace, energy, construction and mechanical engineering industries.

Its operations are organized across four main divisions: Steel, High Performance Metals, Metal Engineering and Metal Forming. Products and services include high-quality flat steel, tool and special steels, rail and turnout systems, wire products, welding technology, precision tubes, automotive components and formed metal parts.