Voestalpine (OTCMKTS:VLPNY) Shares Gap Down – Time to Sell?

Voestalpine AG (OTCMKTS:VLPNY) shares gapped down prior to trading on Monday . The stock had previously closed at $11.44, but opened at $10.6950. Voestalpine shares last traded at $10.6950, with a volume of 188 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts have issued reports on VLPNY shares. Citigroup restated a “neutral” rating on shares of Voestalpine in a research note on Friday, April 17th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Voestalpine in a research note on Thursday, February 12th. Morgan Stanley restated an “overweight” rating on shares of Voestalpine in a research note on Tuesday, February 24th. Finally, Barclays restated an “overweight” rating on shares of Voestalpine in a research note on Monday, February 23rd. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Voestalpine Stock Performance

The company has a market capitalization of $9.17 billion, a PE ratio of 31.46 and a beta of 1.43. The company has a quick ratio of 0.45, a current ratio of 1.33 and a debt-to-equity ratio of 0.16. The company has a 50-day moving average price of $9.90 and a two-hundred day moving average price of $9.49.

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.