Andritz (OTCMKTS:ADRZY) Shares Gap Down After Analyst Downgrade

Andritz (OTCMKTS:ADRZY)’s share price gapped down prior to trading on Wednesday after Zacks Research downgraded the stock from a hold rating to a strong sell rating. The stock had previously closed at $17.0695, but opened at $14.78. Andritz shares last traded at $14.78, with a volume of 406 shares.

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Andritz in a report on Monday, February 9th. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Andritz Stock Performance

The company’s fifty day moving average is $17.24 and its 200 day moving average is $15.63. The company has a current ratio of 1.11, a quick ratio of 0.84 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $7.81 billion, a P/E ratio of 14.04 and a beta of 0.97.

Andritz (OTCMKTS:ADRZY) last announced its quarterly earnings results on Thursday, March 5th. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.01). The firm had revenue of $2.78 billion during the quarter, compared to the consensus estimate of $2.79 billion. Andritz had a net margin of 5.81% and a return on equity of 21.12%. As a group, equities analysts anticipate that Andritz will post 1.1 earnings per share for the current year.

About Andritz

Andritz AG is a global technology group based in Graz, Austria, with a history dating back to its founding in 1852. The company specializes in providing equipment, systems, and services for industrial processes across four key business areas: Hydropower, Pulp & Paper, Metals, and Separation. Through a combination of engineering expertise and in-house manufacturing, Andritz develops tailored solutions that meet the demands of energy efficiency, resource optimization, and environmental sustainability.

In its Hydropower division, Andritz designs and installs turbines, generators, and automation systems for run-of-river, reservoir and pumped storage plants.