Voestalpine (OTCMKTS:VLPNY) Shares Gap Down – What’s Next?

Voestalpine AG (OTCMKTS:VLPNY)’s share price gapped down before the market opened on Monday . The stock had previously closed at $9.23, but opened at $8.6820. Voestalpine shares last traded at $8.7350, with a volume of 379 shares.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Voestalpine in a research note on Thursday, November 13th. UBS Group upgraded shares of Voestalpine from a “hold” rating to a “buy” rating in a report on Monday, November 17th. Morgan Stanley reissued an “overweight” rating on shares of Voestalpine in a research report on Monday, November 17th. Finally, Citigroup restated a “neutral” rating on shares of Voestalpine in a report on Friday, December 5th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Voestalpine Stock Performance

The company has a current ratio of 1.32, a quick ratio of 0.49 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $7.49 billion, a P/E ratio of 30.12 and a beta of 1.32. The company’s fifty day moving average is $8.09 and its 200 day moving average is $6.89.

Voestalpine (OTCMKTS:VLPNY) last released its quarterly earnings results on Wednesday, November 12th. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.01. Voestalpine had a net margin of 1.50% and a return on equity of 3.10%. The business had revenue of $4.31 billion for the quarter, compared to analysts’ expectations of $4.31 billion. As a group, equities analysts anticipate that Voestalpine AG will post 0.45 earnings per share for the current 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.