Andritz (OTCMKTS:ADRZY) Shares Break Below 50 Day Moving Average – Here’s What Happened

Shares of Andritz (OTCMKTS:ADRZY) crossed below its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $19.05 and traded as low as $18.6250. Andritz shares last traded at $18.6250, with a volume of 450 shares traded.

Andritz Stock Performance

The stock has a market capitalization of $9.69 billion, a price-to-earnings ratio of 16.34 and a beta of 1.16. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.07 and a quick ratio of 0.81. The stock has a 50-day moving average of $19.05 and a 200 day moving average of $17.83.

Andritz (OTCMKTS:ADRZY) last released its earnings results on Thursday, October 29th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. Andritz had a net margin of 5.84% and a return on equity of 20.13%. The company had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.25 billion. On average, analysts expect that Andritz will post 1.21 EPS for the current year.

About Andritz

Andritz AG is an Austria-based international technology and engineering group founded in 1852 in the Graz district of Andritz. The company designs, manufactures and services equipment and complete production systems for industrial customers. Its main business areas include hydropower, pulp and paper production, metals processing, and separation technologies. Products and services range from turbines and generators for hydropower plants to machinery for producing pulp, paper and tissue, equipment for metalworking, and systems used in solid-liquid separation and recycling.