Voestalpine (OTCMKTS:VLPNY) Sets New 1-Year High – What’s Next?

Voestalpine AG (OTCMKTS:VLPNY) shares hit a new 52-week high on Thursday . The stock traded as high as $9.55 and last traded at $9.55, with a volume of 1943 shares. The stock had previously closed at $9.21.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on VLPNY shares. Citigroup reiterated a “neutral” rating on shares of Voestalpine in a research report on Thursday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Voestalpine in a report on Thursday, November 13th. UBS Group upgraded Voestalpine from a “hold” rating to a “buy” rating in a research report on Monday, November 17th. Finally, Morgan Stanley restated an “overweight” rating on shares of Voestalpine in a research report on Tuesday, January 6th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

Voestalpine Trading Up 3.7%

The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.49 and a current ratio of 1.32. The business has a fifty day simple moving average of $8.66 and a 200 day simple moving average of $7.22. The stock has a market cap of $8.19 billion, a price-to-earnings ratio of 32.93 and a beta of 1.32.

Voestalpine (OTCMKTS:VLPNY) last released its quarterly earnings results on Wednesday, November 12th. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. Voestalpine had a return on equity of 3.10% and a net margin of 1.50%.The company had revenue of $4.31 billion during the quarter, compared to analysts’ expectations of $4.31 billion. As a group, equities analysts anticipate that Voestalpine AG will post 0.45 EPS for the current 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.