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

Voestalpine AG (OTCMKTS:VLPNY) shares saw strong trading volume on Tuesday . Approximately 5,101 shares changed hands during mid-day trading, a decline of 9% from the previous session’s volume of 5,625 shares.The stock last traded at $11.21 and had previously closed at $10.61.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. UBS Group cut shares of Voestalpine from a “buy” rating to a “neutral” rating in a research report on Monday, June 8th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Voestalpine in a research report on Thursday, June 4th. Finally, Citigroup reaffirmed 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 two have given a Hold rating to the company. According to data from MarketBeat, Voestalpine has an average rating of “Moderate Buy”.

Voestalpine Trading Up 4.7%

The company has a current ratio of 1.35, a quick ratio of 0.55 and a debt-to-equity ratio of 0.20. The stock has a market cap of $9.54 billion, a P/E ratio of 18.25 and a beta of 1.44. The business’s fifty day simple moving average is $10.13 and its 200 day simple moving average is $9.98.

Voestalpine (OTCMKTS:VLPNY) last announced its earnings results on Wednesday, June 3rd. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.02. Voestalpine had a net margin of 2.97% and a return on equity of 5.98%. The company had revenue of $4.59 billion during the quarter, compared to the consensus estimate of $4.19 billion. As a group, analysts expect that Voestalpine AG will post 0.88 EPS for the current year.

About Voestalpine

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.