Voestalpine (OTCMKTS:VLPNY) Sees Unusually-High Trading Volume on Analyst Upgrade

Voestalpine AG (OTCMKTS:VLPNY) saw unusually-high trading volume on Tuesday after Zacks Research upgraded the stock from a hold rating to a strong-buy rating. 5,101 shares traded hands during trading, a decline of 9% from the previous session’s volume of 5,625 shares.The stock last traded at $11.21 and had previously closed at $10.61.

A number of other analysts have also recently issued reports on VLPNY. Citigroup reiterated a “neutral” rating on shares of Voestalpine in a report on Thursday, June 11th. UBS Group lowered shares of Voestalpine from a “buy” rating to a “neutral” rating in a report on Monday, June 8th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Voestalpine in a research note on Thursday, June 4th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Voestalpine Stock Down 1.8%

The company has a market capitalization of $9.37 billion, a price-to-earnings ratio of 17.92 and a beta of 1.44. The company has a quick ratio of 0.55, a current ratio of 1.35 and a debt-to-equity ratio of 0.20. The firm has a 50 day moving average price of $10.13 and a two-hundred day moving average price of $10.00.

Voestalpine (OTCMKTS:VLPNY) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.01). Voestalpine had a return on equity of 5.98% and a net margin of 2.97%. As a group, sell-side analysts expect that Voestalpine AG will post 0.88 earnings per share 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.