Voestalpine (OTCMKTS:VLPNY) Sets New 52-Week High – Here’s What Happened

Voestalpine AG (OTCMKTS:VLPNY) hit a new 52-week high during trading on Tuesday . The stock traded as high as $11.6740 and last traded at $11.3150, with a volume of 24113 shares. The stock had previously closed at $11.58.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on VLPNY shares. Barclays reissued an “overweight” rating on shares of Voestalpine in a report on Monday. Morgan Stanley reissued an “overweight” rating on shares of Voestalpine in a research note on Tuesday, January 6th. UBS Group upgraded Voestalpine from a “hold” rating to a “buy” rating in a report on Monday, November 17th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Voestalpine in a research report on Thursday, February 12th. Finally, Citigroup reiterated a “neutral” rating on shares of Voestalpine in a research report on Thursday, January 22nd. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Voestalpine Trading Down 2.3%

The company has a debt-to-equity ratio of 0.17, a current ratio of 1.32 and a quick ratio of 0.49. The stock’s 50 day moving average is $9.50 and its 200-day moving average is $7.98. The company has a market capitalization of $9.70 billion, a P/E ratio of 33.28 and a beta of 1.33.

Voestalpine (OTCMKTS:VLPNY) last posted its earnings results on Wednesday, February 11th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). Voestalpine had a return on equity of 3.59% and a net margin of 1.75%.The firm had revenue of $4.13 billion for the quarter. As a group, equities 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.