Voestalpine (OTCMKTS:VLPNY) Trading Down 3.6% – Here’s What Happened

Voestalpine AG (OTCMKTS:VLPNY)’s share price traded down 3.6% during mid-day trading on Tuesday . The company traded as low as $8.5750 and last traded at $8.59. 1,077 shares were traded during mid-day trading, a decline of 71% from the average session volume of 3,652 shares. The stock had previously closed at $8.91.

Wall Street Analysts Forecast Growth

VLPNY has been the topic of several recent analyst reports. Barclays reaffirmed an “overweight” rating on shares of Voestalpine in a report on Monday, February 23rd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Voestalpine in a report on Thursday, February 12th. Morgan Stanley restated an “overweight” rating on shares of Voestalpine in a research report on Tuesday, February 24th. Finally, Citigroup reiterated a “neutral” rating on shares of Voestalpine in a research report on Thursday, January 22nd. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Voestalpine Price Performance

The firm has a market capitalization of $7.35 billion, a PE ratio of 25.21 and a beta of 1.27. The stock’s 50 day simple moving average is $9.88 and its two-hundred day simple moving average is $8.57. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.45 and a current ratio of 1.33.

Voestalpine (OTCMKTS:VLPNY) last posted its quarterly earnings results on Wednesday, February 11th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). Voestalpine had a net margin of 1.75% and a return on equity of 3.55%. The company had revenue of $4.13 billion during the quarter. On average, sell-side analysts forecast that Voestalpine AG will post 0.45 EPS 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.