Voestalpine (OTCMKTS:VLPNY) Trading Down 8.8% – Should You Sell?

Voestalpine AG (OTCMKTS:VLPNY) traded down 8.8% on Friday . The company traded as low as $8.9775 and last traded at $8.9775. 157 shares traded hands during trading, a decline of 96% from the average session volume of 3,910 shares. The stock had previously closed at $9.8425.

Analyst Ratings Changes

A number of equities analysts have issued reports on VLPNY shares. Barclays reaffirmed an “overweight” rating on shares of Voestalpine in a research report on Monday, February 23rd. UBS Group upgraded shares of Voestalpine from a “hold” rating to a “buy” rating in a research note on Monday, November 17th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Voestalpine in a research note on Thursday, February 12th. Morgan Stanley reissued an “overweight” rating on shares of Voestalpine in a report on Tuesday, February 24th. Finally, Citigroup reissued a “neutral” rating on shares of Voestalpine in a research report on Thursday, January 22nd. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Voestalpine presently has a consensus rating of “Moderate Buy”.

Voestalpine Stock Performance

The stock’s 50-day moving average price is $9.93 and its 200-day moving average price is $8.34. The company has a current ratio of 1.33, a quick ratio of 0.45 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $7.73 billion, a P/E ratio of 26.51 and a beta of 1.27.

Voestalpine (OTCMKTS:VLPNY) last announced its quarterly earnings data on Wednesday, February 11th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). The business had revenue of $4.13 billion for the quarter. Voestalpine had a net margin of 1.75% and a return on equity of 3.55%. As a group, equities analysts expect that Voestalpine AG will post 0.45 EPS 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.