Voestalpine (OTCMKTS:VLPNY) Shares Gap Up – Time to Buy?

Voestalpine AG (OTCMKTS:VLPNY)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $8.3650, but opened at $8.9850. Voestalpine shares last traded at $9.0915, with a volume of 849 shares trading hands.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on VLPNY. Barclays reissued an “overweight” rating on shares of Voestalpine in a research note on Monday, February 23rd. Citigroup reaffirmed a “neutral” rating on shares of Voestalpine in a research report on Thursday, January 22nd. Morgan Stanley reiterated an “overweight” rating on shares of Voestalpine in a research report on Tuesday, February 24th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Voestalpine in a research note on Thursday, February 12th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

Voestalpine Price Performance

The company has a current ratio of 1.33, a quick ratio of 0.45 and a debt-to-equity ratio of 0.16. The business’s 50 day moving average price is $9.86 and its two-hundred day moving average price is $8.59. The stock has a market cap of $7.60 billion, a P/E ratio of 26.06 and a beta of 1.38.

Voestalpine (OTCMKTS:VLPNY) last released 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 return on equity of 3.55% and a net margin of 1.75%.The company had revenue of $4.13 billion during the quarter. As a group, sell-side analysts expect that Voestalpine AG will post 0.45 earnings per share for the current fiscal 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.