Voestalpine (OTCMKTS:VLPNY) Sees Unusually-High Trading Volume – Here’s Why

Voestalpine AG (OTCMKTS:VLPNY) shares saw unusually-strong trading volume on Thursday . Approximately 10,357 shares traded hands during trading, an increase of 248% from the previous session’s volume of 2,974 shares.The stock last traded at $9.38 and had previously closed at $9.55.

Analysts Set New Price Targets

Several brokerages recently weighed in on VLPNY. Citigroup restated a “neutral” rating on shares of Voestalpine in a report on Thursday, January 22nd. UBS Group raised Voestalpine from a “hold” rating to a “buy” rating in a research note on Monday, November 17th. Morgan Stanley reaffirmed an “overweight” rating on shares of Voestalpine in a research note on Tuesday, January 6th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Voestalpine in a research note on Thursday, November 13th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Voestalpine has an average rating of “Moderate Buy”.

Voestalpine Stock Performance

The stock has a market capitalization of $8.07 billion, a P/E ratio of 32.46 and a beta of 1.32. The stock has a 50 day simple moving average of $8.83 and a two-hundred day simple moving average of $7.35. The company has a quick ratio of 0.49, a current ratio of 1.32 and a debt-to-equity ratio of 0.17.

Voestalpine (OTCMKTS:VLPNY) last released its earnings results on Wednesday, November 12th. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.01. The business had revenue of $4.31 billion during the quarter, compared to analysts’ expectations of $4.31 billion. Voestalpine had a net margin of 1.50% and a return on equity of 3.10%. On average, equities analysts forecast that Voestalpine AG will post 0.45 EPS 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.