Voestalpine (OTCMKTS:VLPNY) Shares Gap Down – Here’s Why

Shares of Voestalpine AG (OTCMKTS:VLPNY) gapped down before the market opened on Monday . The stock had previously closed at $10.45, but opened at $9.96. Voestalpine shares last traded at $9.96, with a volume of 1,804 shares traded.

Wall Street Analysts Forecast Growth

VLPNY has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Voestalpine in a report on Thursday, June 4th. UBS Group downgraded shares of Voestalpine from a “buy” rating to a “neutral” rating in a research report on Monday, June 8th. Citigroup reissued a “neutral” rating on shares of Voestalpine in a research report on Thursday, June 11th. Finally, Zacks Research raised shares of Voestalpine from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Voestalpine has a consensus rating of “Moderate Buy”.

Voestalpine Stock Performance

The company has a 50-day moving average of $10.10 and a 200-day moving average of $10.08. The firm has a market capitalization of $8.81 billion, a price-to-earnings ratio of 14.69 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.

Voestalpine (OTCMKTS:VLPNY) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). Voestalpine had a return on equity of 6.74% and a net margin of 3.39%.The business had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.38 billion. On average, equities research analysts forecast that Voestalpine AG will post 0.83 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.