Voestalpine (OTCMKTS:VLPNY) Sees Large Volume Increase – Here’s What Happened

Voestalpine AG (OTCMKTS:VLPNY) shares saw unusually-high trading volume on Friday . Approximately 9,499 shares were traded during trading, an increase of 362% from the previous session’s volume of 2,057 shares.The stock last traded at $9.25 and had previously closed at $9.55.

Wall Street Analyst Weigh In

VLPNY has been the subject of several analyst reports. UBS Group raised shares of Voestalpine from a “hold” rating to a “buy” rating in a research note on Monday, November 17th. Morgan Stanley reiterated an “overweight” rating on shares of Voestalpine in a research report on Tuesday, January 6th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Voestalpine in a research report on Thursday, November 13th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Voestalpine in a research note on Thursday. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Voestalpine Trading Down 0.5%

The company has a 50 day moving average of $8.73 and a 200-day moving average of $7.27. The stock has a market cap of $8.14 billion, a price-to-earnings ratio of 32.76 and a beta of 1.32. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.49 and a current ratio of 1.32.

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