Voestalpine (OTCMKTS:VLPNY) Shares Gap Up – Still a Buy?

Voestalpine AG (OTCMKTS:VLPNY)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $8.76, but opened at $10.11. Voestalpine shares last traded at $9.8350, with a volume of 742 shares changing hands.

Analyst Upgrades and Downgrades

VLPNY has been the subject of a number of research analyst reports. Morgan Stanley reissued an “overweight” rating on shares of Voestalpine in a report on Tuesday, February 24th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Voestalpine in a research report on Thursday, February 12th. Citigroup restated a “neutral” rating on shares of Voestalpine in a research report on Thursday, January 22nd. Finally, Barclays restated an “overweight” rating on shares of Voestalpine in a research report on Monday, February 23rd. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Voestalpine Stock Up 11.8%

The company has a market capitalization of $8.40 billion, a PE ratio of 28.81 and a beta of 1.38. The company has a quick ratio of 0.45, a current ratio of 1.33 and a debt-to-equity ratio of 0.16. The firm has a 50-day moving average of $9.82 and a two-hundred day moving average of $8.66.

Voestalpine (OTCMKTS:VLPNY) last issued its quarterly earnings data on Wednesday, February 11th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.01). Voestalpine had a return on equity of 3.55% and a net margin of 1.75%.The business had revenue of $4.13 billion during the quarter. Equities research analysts predict that Voestalpine AG will post 0.45 earnings per share for the current fiscal 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.