Voestalpine (OTCMKTS:VLPNY) Sees Unusually-High Trading Volume – Time to Buy?

Shares of Voestalpine AG (OTCMKTS:VLPNY) saw unusually-high trading volume on Thursday . Approximately 12,954 shares traded hands during trading, an increase of 307% from the previous session’s volume of 3,184 shares.The stock last traded at $10.6350 and had previously closed at $10.6450.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on VLPNY. Morgan Stanley reiterated an “overweight” rating on shares of Voestalpine in a report on Tuesday, January 6th. UBS Group upgraded Voestalpine from a “hold” rating to a “buy” rating in a report on Monday, November 17th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Voestalpine in a research report on Thursday. Finally, Citigroup restated a “neutral” rating on shares of Voestalpine in a report on Thursday, January 22nd. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Voestalpine Stock Up 0.5%

The business has a fifty day simple moving average of $9.15 and a 200 day simple moving average of $7.66. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.32 and a quick ratio of 0.49. The firm has a market cap of $9.17 billion, a price-to-earnings ratio of 36.89 and a beta of 1.33.

Voestalpine (OTCMKTS:VLPNY) last released its quarterly earnings data on Wednesday, February 11th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). Voestalpine had a net margin of 1.50% and a return on equity of 3.10%. The business had revenue of $4.13 billion during the quarter. As a group, 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.