Voestalpine (OTCMKTS:VLPNY) Shares Gap Down – Time to Sell?

Voestalpine AG (OTCMKTS:VLPNY) gapped down before the market opened on Monday . The stock had previously closed at $10.1250, but opened at $8.76. Voestalpine shares last traded at $9.07, with a volume of 821 shares changing hands.

Analysts Set New Price Targets

A number of research firms have recently issued reports on VLPNY. Citigroup reissued a “neutral” rating on shares of Voestalpine in a research report on Thursday, January 22nd. Barclays restated an “overweight” rating on shares of Voestalpine in a report on Monday, February 23rd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Voestalpine in a report on Thursday, February 12th. UBS Group raised shares of Voestalpine from a “hold” rating to a “buy” rating in a research report on Monday, November 17th. Finally, Morgan Stanley restated an “overweight” rating on shares of Voestalpine in a report on Tuesday, February 24th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Voestalpine Price Performance

The firm has a market capitalization of $8.16 billion, a PE ratio of 27.99 and a beta of 1.27. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.45 and a current ratio of 1.33. The stock has a fifty day moving average price of $9.89 and a 200-day moving average price of $8.32.

Voestalpine (OTCMKTS:VLPNY) last announced its earnings results on Wednesday, February 11th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). The firm had revenue of $4.13 billion during the quarter. Voestalpine had a return on equity of 3.55% and a net margin of 1.75%. Sell-side 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.