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

Voestalpine AG (OTCMKTS:VLPNYGet Free Report) gapped down before the market opened on Monday . The stock had previously closed at $10.58, but opened at $10.15. Voestalpine shares last traded at $10.15, with a volume of 320 shares.

Analyst Upgrades and Downgrades

A number of research analysts have commented on VLPNY shares. Citigroup restated a “neutral” rating on shares of Voestalpine in a research note on Friday, April 17th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Voestalpine in a research report on Thursday, February 12th. Barclays restated an “overweight” rating on shares of Voestalpine in a research report on Monday, February 23rd. Finally, Morgan Stanley restated an “overweight” rating on shares of Voestalpine in a research report on Tuesday, February 24th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

View Our Latest Stock Analysis on Voestalpine

Voestalpine Price Performance

The company’s 50-day simple moving average is $9.62 and its 200-day simple moving average is $9.14. The stock has a market capitalization of $8.80 billion, a price-to-earnings ratio of 30.19 and a beta of 1.42. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.33 and a quick ratio of 0.45.

Voestalpine (OTCMKTS:VLPNYGet Free Report) last released its earnings results on Wednesday, February 11th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.01). Voestalpine had a net margin of 1.75% and a return on equity of 3.55%. The firm had revenue of $4.13 billion during the quarter. Research analysts forecast that Voestalpine AG will post 0.51 earnings per share for the current fiscal year.

Voestalpine Company Profile

(Get Free Report)

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.

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