Voestalpine (OTCMKTS:VLPNY – Get Free Report) issued its earnings results on Wednesday. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.01), Zacks reports. Voestalpine had a net margin of 2.97% and a return on equity of 5.98%.
Voestalpine Stock Down 1.4%
OTCMKTS VLPNY traded down $0.15 during trading hours on Wednesday, hitting $10.98. The company’s stock had a trading volume of 10,077 shares, compared to its average volume of 5,661. Voestalpine has a 52 week low of $5.35 and a 52 week high of $11.78. The company has a market capitalization of $9.41 billion, a PE ratio of 18.00 and a beta of 1.44. 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 company’s 50-day simple moving average is $10.14 and its two-hundred day simple moving average is $9.99.
Wall Street Analysts Forecast Growth
VLPNY has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Voestalpine in a research note on Thursday, June 4th. Zacks Research upgraded Voestalpine from a “hold” rating to a “strong-buy” rating in a report on Monday. UBS Group lowered Voestalpine from a “buy” rating to a “neutral” rating in a research report on Monday, June 8th. Finally, Citigroup reiterated a “neutral” rating on shares of Voestalpine in a report on Thursday, June 11th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.
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.
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