Voestalpine (OTCMKTS:VLPNY) Reaches New 1-Year High – Should You Buy?

Voestalpine AG (OTCMKTS:VLPNY)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $11.6740 and last traded at $11.3150, with a volume of 24113 shares changing hands. The stock had previously closed at $11.58.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on VLPNY shares. UBS Group upgraded Voestalpine from a “hold” rating to a “buy” rating in a report on Monday, November 17th. Citigroup reiterated a “neutral” rating on shares of Voestalpine in a research note on Thursday, January 22nd. Barclays reiterated an “overweight” rating on shares of Voestalpine in a research note on Monday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Voestalpine in a research note on Thursday, February 12th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Voestalpine in a research report on Tuesday. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

Voestalpine Stock Performance

The company has a debt-to-equity ratio of 0.17, a current ratio of 1.32 and a quick ratio of 0.49. The stock has a market cap of $9.86 billion, a P/E ratio of 33.82 and a beta of 1.33. The company has a fifty day moving average of $9.60 and a 200 day moving average of $8.05.

Voestalpine (OTCMKTS:VLPNY) last released its earnings results on Wednesday, February 11th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). Voestalpine had a return on equity of 3.59% and a net margin of 1.75%.The firm had revenue of $4.13 billion for the quarter. On average, equities analysts predict that Voestalpine AG will post 0.45 earnings per share for the current fiscal 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.