Andritz (OTCMKTS:ADRZY) Shares Down 11.6% – Here’s Why

Andritz (OTCMKTS:ADRZY) fell 11.6% during trading on Thursday. The stock traded as low as $17.59 and last traded at $17.59. 366 shares traded hands during trading, a decline of 84% from the average daily volume of 2,333 shares. The stock had previously closed at $19.90.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Andritz from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 7th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Andritz currently has an average rating of “Moderate Buy”.

Andritz Trading Down 2.0%

The firm has a 50-day simple moving average of $19.23 and a 200-day simple moving average of $17.70. The company has a quick ratio of 0.81, a current ratio of 1.07 and a debt-to-equity ratio of 0.15. The stock has a market cap of $9.78 billion, a PE ratio of 16.79 and a beta of 1.13.

Andritz (OTCMKTS:ADRZY) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.01). Andritz had a net margin of 5.77% and a return on equity of 19.74%. The company had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.23 billion. Equities analysts forecast that Andritz will post 1.23 earnings per share for the current year.

Andritz Company Profile

Andritz AG is an Austria-based international technology and engineering group headquartered in Graz. Founded in 1852, the company develops, designs and supplies plants, systems, equipment and services for industrial production and infrastructure projects.

Its main business areas include pulp and paper, metals, hydropower, and environment and energy. Andritz provides technologies for pulp and paper production, paper and tissue processing, metal forming and processing, hydropower generation, wastewater treatment, sludge management, biomass and renewable-energy applications, and related industrial services.

Andritz serves customers worldwide through production facilities, engineering operations and service locations across Europe, the Americas, Asia and other international markets.