Voestalpine (OTCMKTS:VLPNY) Shares Gap Up – Should You Buy?

Voestalpine AG (OTCMKTS:VLPNY) shares gapped up before the market opened on Wednesday . The stock had previously closed at $9.23, but opened at $9.67. Voestalpine shares last traded at $9.6850, with a volume of 1,654 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Voestalpine in a research note on Thursday, February 12th. Citigroup restated a “neutral” rating on shares of Voestalpine in a report on Thursday, January 22nd. UBS Group raised shares of Voestalpine from a “hold” rating to a “buy” rating in a research report on Monday, November 17th. Barclays reiterated an “overweight” rating on shares of Voestalpine in a report on Monday, February 23rd. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Voestalpine in a research report on Tuesday, February 24th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Voestalpine currently has a consensus rating of “Moderate Buy”.

Voestalpine Price Performance

The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.45 and a current ratio of 1.33. The business has a 50 day simple moving average of $9.89 and a 200-day simple moving average of $8.32. The stock has a market cap of $8.26 billion, a P/E ratio of 28.34 and a beta of 1.27.

Voestalpine (OTCMKTS:VLPNY) last released its quarterly earnings data 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). The company had revenue of $4.13 billion for the quarter. Voestalpine had a net margin of 1.75% and a return on equity of 3.55%. On average, sell-side analysts forecast that Voestalpine AG will post 0.45 EPS for the current 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.