Voestalpine (OTCMKTS:VLPNY) Shares Gap Up Following Analyst Upgrade

Voestalpine AG (OTCMKTS:VLPNY)’s stock price gapped up before the market opened on Monday after Zacks Research upgraded the stock from a hold rating to a strong-buy rating. The stock had previously closed at $9.96, but opened at $10.89. Voestalpine shares last traded at $10.89, with a volume of 384 shares traded.

Other analysts have also recently issued reports about the stock. Citigroup reissued a “neutral” rating on shares of Voestalpine in a research note on Thursday, June 11th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Voestalpine in a research report on Thursday, June 4th. Finally, UBS Group cut Voestalpine from a “buy” rating to a “neutral” rating in a report on Monday, June 8th. One research 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. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Voestalpine Stock Performance

The stock’s 50 day moving average price is $10.14 and its 200 day moving average price is $9.99. The company has a current ratio of 1.35, a quick ratio of 0.55 and a debt-to-equity ratio of 0.20. The firm has a market cap of $9.41 billion, a PE ratio of 18.00 and a beta of 1.44.

Voestalpine (OTCMKTS:VLPNY) last posted its earnings results on Wednesday, June 3rd. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.02. Voestalpine had a net margin of 2.97% and a return on equity of 5.98%. The business had revenue of $4.59 billion for the quarter, compared to analyst estimates of $4.19 billion. As a group, equities analysts forecast that Voestalpine AG will post 0.88 earnings per share for the current fiscal 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.