Voestalpine (OTCMKTS:VLPNY) Stock Price Down 3.6% – What’s Next?

Voestalpine AG (OTCMKTS:VLPNY) shares dropped 3.6% during trading on Wednesday . The company traded as low as $9.00 and last traded at $9.01. Approximately 865 shares were traded during trading, a decline of 77% from the average daily volume of 3,784 shares. The stock had previously closed at $9.35.

Analysts Set New Price Targets

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

Voestalpine Price Performance

The firm’s 50-day moving average price is $9.91 and its two-hundred day moving average price is $8.50. 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 stock has a market cap of $7.82 billion, a PE ratio of 26.82 and a beta of 1.27.

Voestalpine (OTCMKTS:VLPNY) last issued its quarterly earnings data on Wednesday, February 11th. The company reported $0.08 earnings per share 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 net margin of 1.75% and a return on equity of 3.55%. On average, equities analysts expect that Voestalpine AG will post 0.45 earnings per share for the current fiscal year.

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.