Voestalpine (OTCMKTS:VLPNY) Shares Gap Down – Should You Sell?

Voestalpine AG (OTCMKTS:VLPNY)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $10.99, but opened at $10.30. Voestalpine shares last traded at $10.30, with a volume of 659 shares traded.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Citigroup reissued a “neutral” rating on shares of Voestalpine in a research note on Friday, April 17th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Voestalpine in a report on Thursday, February 12th. Morgan Stanley reiterated an “overweight” rating on shares of Voestalpine in a report on Tuesday, February 24th. Finally, Barclays reiterated an “overweight” rating on shares of Voestalpine in a report on Monday, February 23rd. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Voestalpine Stock Performance

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 firm has a fifty day moving average price of $9.64 and a 200 day moving average price of $9.22. The firm has a market cap of $8.88 billion, a PE ratio of 30.46 and a beta of 1.42.

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.