Voestalpine (OTCMKTS:VLPNY) Reaches New 1-Year High – Still a Buy?

Voestalpine AG (OTCMKTS:VLPNY)’s share price hit a new 52-week high on Wednesday . The company traded as high as $10.88 and last traded at $10.88, with a volume of 1318 shares traded. The stock had previously closed at $10.84.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Voestalpine in a research note on Thursday, February 12th. UBS Group upgraded Voestalpine from a “hold” rating to a “buy” rating in a report on Monday, November 17th. Citigroup reissued a “neutral” rating on shares of Voestalpine in a research note on Thursday, January 22nd. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Voestalpine in a research report on Tuesday, January 6th. Three research 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 company has an average rating of “Moderate Buy”.

Voestalpine Trading Up 2.6%

The company has a debt-to-equity ratio of 0.17, a current ratio of 1.32 and a quick ratio of 0.49. The firm has a fifty day simple moving average of $9.32 and a 200-day simple moving average of $7.82. The firm has a market cap of $9.53 billion, a P/E ratio of 32.71 and a beta of 1.33.

Voestalpine (OTCMKTS:VLPNY) last released its quarterly earnings data on Wednesday, February 11th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.01). Voestalpine had a net margin of 1.75% and a return on equity of 3.59%. The firm had revenue of $4.13 billion for the quarter. On average, equities research analysts expect that Voestalpine AG will post 0.45 earnings per share for the current 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.