Andritz (OTCMKTS:ADRZY) Sees Strong Trading Volume – Here’s Why

Andritz (OTCMKTS:ADRZY) saw an uptick in trading volume on Tuesday . 9,775 shares traded hands during trading, an increase of 441% from the previous session’s volume of 1,806 shares.The stock last traded at $16.4594 and had previously closed at $15.89.

Analyst Ratings Changes

Several brokerages have recently weighed in on ADRZY. Zacks Research upgraded shares of Andritz from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, April 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Andritz in a research report on Tuesday, April 14th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to MarketBeat.com, Andritz currently has a consensus rating of “Strong Buy”.

Andritz Stock Up 11.5%

The company has a market capitalization of $9.21 billion, a PE ratio of 16.55 and a beta of 1.09. The company’s fifty day moving average is $16.26 and its 200-day moving average is $15.81. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.13.

Andritz (OTCMKTS:ADRZY) last issued its quarterly earnings results on Thursday, March 5th. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.01). The firm had revenue of $2.78 billion for the quarter, compared to analysts’ expectations of $2.79 billion. Andritz had a net margin of 5.81% and a return on equity of 20.46%. As a group, analysts predict that Andritz will post 1.56 EPS for the current fiscal 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.