Voestalpine (OTCMKTS:VLPNY) Sees Unusually-High Trading Volume – What’s Next?

Shares of Voestalpine AG (OTCMKTS:VLPNY) saw an uptick in trading volume on Thursday . 9,831 shares were traded during trading, an increase of 166% from the previous session’s volume of 3,699 shares.The stock last traded at $8.4920 and had previously closed at $9.13.

Wall Street Analyst Weigh In

Several research analysts have recently commented on VLPNY shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Voestalpine in a research report on Thursday, February 12th. Barclays reiterated an “overweight” rating on shares of Voestalpine in a research note on Monday, February 23rd. Citigroup reissued a “neutral” rating on shares of Voestalpine in a research report on Thursday, January 22nd. Finally, Morgan Stanley restated an “overweight” rating on shares of Voestalpine in a report on Tuesday, February 24th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Voestalpine Stock Up 1.7%

The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.45 and a current ratio of 1.33. The business’s 50 day moving average price is $9.91 and its 200 day moving average price is $8.44. The firm has a market cap of $7.47 billion, a price-to-earnings ratio of 25.63 and a beta of 1.27.

Voestalpine (OTCMKTS:VLPNY) last issued its quarterly earnings results 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 firm had revenue of $4.13 billion during the quarter. Voestalpine had a net margin of 1.75% and a return on equity of 3.55%. On average, equities analysts forecast that Voestalpine AG will post 0.45 EPS for the current 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.