Andritz (OTCMKTS:ADRZY) Shares Gap Up – Still a Buy?

Andritz (OTCMKTS:ADRZY) shares gapped up prior to trading on Wednesday . The stock had previously closed at $16.63, but opened at $18.3650. Andritz shares last traded at $18.3650, with a volume of 387 shares traded.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Zacks Research downgraded shares of Andritz from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 30th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Andritz in a research note on Thursday, May 14th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Andritz Price Performance

The stock has a market capitalization of $9.55 billion, a PE ratio of 16.70 and a beta of 1.13. The firm’s 50 day simple moving average is $16.17 and its 200 day simple moving average is $16.22. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.13 and a quick ratio of 0.88.

Andritz (OTCMKTS:ADRZY) last issued its earnings results on Wednesday, April 29th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.02). Andritz had a return on equity of 20.19% and a net margin of 5.81%.The firm had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.08 billion. As a group, equities analysts forecast that Andritz will post 1.24 EPS for the current fiscal year.

Andritz Company Profile

Andritz AG is a global technology group based in Graz, Austria, with a history dating back to its founding in 1852. The company specializes in providing equipment, systems, and services for industrial processes across four key business areas: Hydropower, Pulp & Paper, Metals, and Separation. Through a combination of engineering expertise and in-house manufacturing, Andritz develops tailored solutions that meet the demands of energy efficiency, resource optimization, and environmental sustainability.

In its Hydropower division, Andritz designs and installs turbines, generators, and automation systems for run-of-river, reservoir and pumped storage plants.