Andritz (OTCMKTS:ADRZY) Stock Price Up 5% – Here’s What Happened

Andritz (OTCMKTS:ADRZY) traded up 5% on Wednesday . The company traded as high as $19.6340 and last traded at $19.6340. Approximately 617 shares were traded during mid-day trading, a decline of 70% from the average daily volume of 2,083 shares. The stock had previously closed at $18.70.

Analysts Set New Price Targets

A number of analysts recently issued reports on ADRZY shares. Zacks Research raised Andritz from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 7th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Andritz in a research report on Thursday, May 14th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Andritz Price Performance

The company has a debt-to-equity ratio of 0.22, a current ratio of 1.08 and a quick ratio of 0.84. The stock has a market capitalization of $10.21 billion, a price-to-earnings ratio of 17.53 and a beta of 1.14. The stock’s 50 day simple moving average is $18.16 and its 200-day simple moving average is $17.30.

Andritz (OTCMKTS:ADRZY) last posted its earnings results on Thursday, July 30th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.01). Andritz had a return on equity of 19.95% and a net margin of 5.77%.The business had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.23 billion. On average, analysts expect that Andritz will post 1.23 EPS for the current fiscal year.

About Andritz

Andritz AG is a global technology group based in Graz, Austria, with a history dating back to its founding in 1852. The company specializes in providing equipment, systems, and services for industrial processes across four key business areas: Hydropower, Pulp & Paper, Metals, and Separation. Through a combination of engineering expertise and in-house manufacturing, Andritz develops tailored solutions that meet the demands of energy efficiency, resource optimization, and environmental sustainability.

In its Hydropower division, Andritz designs and installs turbines, generators, and automation systems for run-of-river, reservoir and pumped storage plants.