Voestalpine (OTCMKTS:VLPNY) Sets New 12-Month High – What’s Next?

Voestalpine AG (OTCMKTS:VLPNY)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $8.83 and last traded at $8.83, with a volume of 102757 shares traded. The stock had previously closed at $8.62.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on VLPNY shares. Citigroup reiterated a “neutral” rating on shares of Voestalpine in a research note on Friday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Voestalpine in a report on Thursday, November 13th. UBS Group raised Voestalpine from a “hold” rating to a “buy” rating in a report on Monday, November 17th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Voestalpine in a research report on Monday, November 17th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Voestalpine Trading Up 1.5%

The firm’s fifty day simple moving average is $7.59 and its 200 day simple moving average is $6.44. The stock has a market capitalization of $7.39 billion, a P/E ratio of 29.72 and a beta of 1.35. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.53 and a current ratio of 1.35.

Voestalpine (OTCMKTS:VLPNY) last issued its quarterly earnings results on Wednesday, November 12th. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. The company had revenue of $4.31 billion during the quarter, compared to the consensus estimate of $4.31 billion. Voestalpine had a net margin of 1.50% and a return on equity of 3.16%. As a group, equities research analysts forecast that Voestalpine AG will post 0.45 EPS for the current fiscal year.

About Voestalpine

Voestalpine AG processes, develops, manufactures, and sells steel products in Austria, European Union, and internationally. The company operates through five segments: Steel, High Performance Metals, Metal Engineering, Metal Forming, and Other. The Steel division produces hot and cold-rolled steel strips, as well as electrogalvanized, hot-dip galvanized, and organically coated steel strips; and heavy plates for the energy sector, as well as turbine casings for automotive, white goods/consumer goods, building/construction, energy, mechanical engineering, and others.