Voestalpine (OTCMKTS:VLPNY) Shares Gap Up – Here’s Why

Voestalpine AG (OTCMKTS:VLPNY)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $10.06, but opened at $10.55. Voestalpine shares last traded at $10.64, with a volume of 1,997 shares.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on VLPNY shares. Citigroup reissued a “neutral” rating on shares of Voestalpine in a research note on Thursday, June 11th. Zacks Research raised shares of Voestalpine from a “hold” rating to a “strong-buy” rating in a report on Monday, August 3rd. UBS Group cut shares of Voestalpine from a “buy” rating to a “neutral” rating in a research note on Monday, June 8th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Voestalpine in a report on Thursday, June 4th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Voestalpine currently has an average rating of “Moderate Buy”.

Voestalpine Trading Up 5.8%

The stock has a market capitalization of $9.12 billion, a P/E ratio of 15.20 and a beta of 1.44. The company has a current ratio of 1.35, a quick ratio of 0.55 and a debt-to-equity ratio of 0.20. The business’s fifty day simple moving average is $10.09 and its two-hundred day simple moving average is $10.11.

Voestalpine (OTCMKTS:VLPNY) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). The company had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.38 billion. Voestalpine had a return on equity of 6.74% and a net margin of 3.39%. As a group, analysts forecast that Voestalpine AG will post 0.83 earnings per share 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.