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

Shares of Voestalpine AG (OTCMKTS:VLPNY) gapped down prior to trading on Friday . The stock had previously closed at $10.93, but opened at $10.45. Voestalpine shares last traded at $10.45, with a volume of 635 shares.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on VLPNY. Zacks Research raised shares of Voestalpine from a “hold” rating to a “strong-buy” rating in a research report on Monday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Voestalpine in a research report on Thursday, June 4th. Citigroup reiterated a “neutral” rating on shares of Voestalpine in a research note on Thursday, June 11th. Finally, UBS Group downgraded Voestalpine from a “buy” rating to a “neutral” rating in a report on Monday, June 8th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Voestalpine currently has a consensus rating of “Moderate Buy”.

Voestalpine Trading Down 2.0%

The firm has a market cap of $8.96 billion, a P/E ratio of 14.93 and a beta of 1.44. The business’s 50 day moving average is $10.11 and its 200-day moving average is $10.02. The company has a quick ratio of 0.55, a current ratio of 1.35 and a debt-to-equity ratio of 0.20.

Voestalpine (OTCMKTS:VLPNY) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). The company had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.38 billion. Voestalpine had a net margin of 3.39% and a return on equity of 6.74%. As a group, analysts forecast that Voestalpine AG will post 0.88 earnings per share for the current fiscal 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.