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

Voestalpine AG (OTCMKTS:VLPNY)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $10.00, but opened at $10.6220. Voestalpine shares last traded at $10.6220, with a volume of 164 shares.

Wall Street Analyst Weigh In

VLPNY has been the topic of several analyst reports. UBS Group cut Voestalpine from a “buy” rating to a “neutral” rating in a report on Monday, June 8th. Zacks Research lowered Voestalpine from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 1st. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Voestalpine in a research report on Friday, September 4th. Finally, Citigroup reissued a “neutral” rating on shares of Voestalpine in a research note on Thursday, June 11th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Voestalpine has an average rating of “Moderate Buy”.

Voestalpine Stock Performance

The company has a quick ratio of 0.54, a current ratio of 1.41 and a debt-to-equity ratio of 0.19. The company has a market cap of $8.66 billion, a PE ratio of 14.43 and a beta of 1.44. The stock’s 50 day simple moving average is $10.27 and its two-hundred day simple moving average is $10.04.

Voestalpine (OTCMKTS:VLPNY) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.01). The company had revenue of $4.64 billion for the quarter, compared to analysts’ expectations of $4.38 billion. Voestalpine had a net margin of 3.39% and a return on equity of 6.66%. As a group, research analysts anticipate that Voestalpine AG will post 0.83 earnings per share for the current year.

Voestalpine Company Profile

voestalpine AG is an Austria-based technology and industrial group specializing in steel, metal products and advanced manufacturing solutions. The company serves customers in the automotive, railway, aerospace, energy, construction and mechanical engineering industries.

Its operations are organized across four main divisions: Steel, High Performance Metals, Metal Engineering and Metal Forming. Products and services include high-quality flat steel, tool and special steels, rail and turnout systems, wire products, welding technology, precision tubes, automotive components and formed metal parts.