Voestalpine (OTCMKTS:VLPNY) Shares Gap Down – Here’s Why

Voestalpine AG (OTCMKTS:VLPNY)’s share price gapped down before the market opened on Monday . The stock had previously closed at $8.91, but opened at $8.39. Voestalpine shares last traded at $8.3650, with a volume of 2,324 shares changing hands.

Wall Street Analyst Weigh In

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

Voestalpine Stock Down 6.1%

The firm has a 50 day moving average of $9.90 and a two-hundred day moving average of $8.55. The company has a quick ratio of 0.45, a current ratio of 1.33 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $7.17 billion, a price-to-earnings ratio of 24.60 and a beta of 1.27.

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