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

Voestalpine AG (OTCMKTS:VLPNY)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $9.21, but opened at $8.8750. Voestalpine shares last traded at $9.1213, with a volume of 787 shares trading hands.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Voestalpine in a research note on Thursday, February 12th. Citigroup reissued a “neutral” rating on shares of Voestalpine in a research report on Thursday, January 22nd. Barclays reissued an “overweight” rating on shares of Voestalpine in a report on Monday, February 23rd. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Voestalpine in a research note on Tuesday, February 24th. Four equities research 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 presently has an average rating of “Moderate Buy”.

Voestalpine Price Performance

The company has a 50 day moving average of $9.94 and a 200 day moving average of $8.42. The stock has a market capitalization of $7.93 billion, a price-to-earnings ratio of 27.21 and a beta of 1.27. 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 issued its earnings results on Wednesday, February 11th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.01). The business had revenue of $4.13 billion for the quarter. Voestalpine had a return on equity of 3.55% and a net margin of 1.75%. As a group, equities research analysts anticipate 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.