Voestalpine (OTCMKTS:VLPNY) Sees Large Volume Increase – Still a Buy?

Voestalpine AG (OTCMKTS:VLPNY) saw strong trading volume on Monday . 1,381 shares changed hands during mid-day trading, an increase of 53% from the previous session’s volume of 902 shares.The stock last traded at $9.28 and had previously closed at $9.27.

Analyst Ratings Changes

VLPNY has been the subject of several research reports. Morgan Stanley reiterated an “overweight” rating on shares of Voestalpine in a research note on Tuesday, January 6th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Voestalpine in a research report on Thursday, November 13th. UBS Group upgraded shares of Voestalpine from a “hold” rating to a “buy” rating in a research note on Monday, November 17th. Finally, Citigroup restated a “neutral” rating on shares of Voestalpine in a research note on Friday, December 5th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Voestalpine Stock Down 1.1%

The company has a market cap of $7.87 billion, a PE ratio of 31.64 and a beta of 1.32. The stock has a 50-day moving average of $8.31 and a 200-day moving average of $7.03. The company has a quick ratio of 0.49, a current ratio of 1.32 and a debt-to-equity ratio of 0.17.

Voestalpine (OTCMKTS:VLPNY) last announced its 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 business had revenue of $4.31 billion for the quarter, compared to analyst estimates of $4.31 billion. Voestalpine had a return on equity of 3.10% and a net margin of 1.50%. Sell-side 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.