Voestalpine (OTCMKTS:VLPNY) Stock Rating Cut to Strong Sell at Zacks Research

Zacks Research lowered shares of Voestalpine (OTCMKTS:VLPNY) from a hold rating to a strong sell rating in a report released on Wednesday morning,Zacks reports.

Other equities analysts also recently issued research reports about the stock. UBS Group downgraded shares of Voestalpine from a “buy” rating to a “neutral” rating in a research note on Monday, June 8th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Voestalpine in a research note on Friday, September 4th. Finally, Citigroup reissued a “neutral” rating on shares of Voestalpine in a research note on Thursday, June 11th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Voestalpine Stock Performance

Voestalpine stock opened at $10.15 on Wednesday. The stock has a 50-day moving average price of $10.32 and a 200 day moving average price of $10.07. Voestalpine has a 52 week low of $6.62 and a 52 week high of $11.78. The stock has a market cap of $8.70 billion, a PE ratio of 14.50 and a beta of 1.40. The company has a current ratio of 1.41, a quick ratio of 0.54 and a debt-to-equity ratio of 0.19.

Voestalpine (OTCMKTS:VLPNY) last released its earnings results on Wednesday, August 5th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). The firm had revenue of $4.64 billion during the quarter, compared to analysts’ expectations of $4.38 billion. Voestalpine had a net margin of 3.39% and a return on equity of 6.66%. Equities research analysts predict that Voestalpine will post 0.83 earnings per share for the current fiscal year.

About Voestalpine

voestalpine AG is an Austria-based technology and capital goods group headquartered in Linz. The company develops, produces and processes steel and other metal products for industrial customers worldwide, with a focus on specialized materials, advanced manufacturing and value-added components rather than commodity steel alone.

Its activities are organized across four main divisions: Steel, High Performance Metals, Metal Engineering and Metal Forming. Products and services include high-quality flat steel, tool and special steels, rail and railway infrastructure systems, welding consumables, automotive components, precision-formed parts, and solutions for the energy, aerospace, mechanical engineering and other industrial sectors.

voestalpine traces its origins to Austria’s postwar steel industry and adopted its current name in the 1970s.