Voestalpine (OTCMKTS:VLPNY) Cut to Hold at Zacks Research

Voestalpine (OTCMKTS:VLPNY) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Tuesday, Zacks reports.

Other equities analysts have also issued reports about the company. UBS Group lowered Voestalpine from a “buy” rating to a “neutral” rating in a research report on Monday, June 8th. Citigroup reaffirmed a “neutral” rating on shares of Voestalpine in a report on Thursday, June 11th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Voestalpine in a research note on Thursday, June 4th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

Voestalpine Stock Performance

Shares of VLPNY stock opened at $10.18 on Tuesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.35 and a quick ratio of 0.55. The company’s fifty day moving average price is $10.09 and its two-hundred day moving average price is $10.11. The firm has a market capitalization of $8.73 billion, a P/E ratio of 14.54 and a beta of 1.44. Voestalpine has a 12 month low of $6.31 and a 12 month high of $11.78.

Voestalpine (OTCMKTS:VLPNY) last announced its earnings results on Wednesday, August 5th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). Voestalpine had a return on equity of 6.74% and a net margin of 3.39%.The business had revenue of $4.64 billion for the quarter, compared to analysts’ expectations of $4.38 billion. On average, research analysts anticipate that Voestalpine will post 0.83 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.