Andritz (OTCMKTS:ADRZY) Sees Unusually-High Trading Volume – Time to Buy?

Andritz (OTCMKTS:ADRZY) shares saw unusually-strong trading volume on Monday . Approximately 16,034 shares changed hands during mid-day trading, an increase of 620% from the previous session’s volume of 2,226 shares.The stock last traded at $18.99 and had previously closed at $19.50.

Analysts Set New Price Targets

Separately, Zacks Research raised Andritz from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 7th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Andritz Stock Performance

The stock’s 50-day moving average price is $18.70 and its 200-day moving average price is $17.51. The company has a market capitalization of $9.87 billion, a price-to-earnings ratio of 16.96 and a beta of 1.13. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.07.

Andritz (OTCMKTS:ADRZY) last posted its earnings results on Thursday, July 30th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.01). The business had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.23 billion. Andritz had a net margin of 5.77% and a return on equity of 19.74%. As a group, equities research analysts expect that Andritz will post 1.23 earnings per share for the current year.

Andritz Company Profile

Andritz AG is an Austria-based international technology and engineering group that develops, supplies and services plants, systems, equipment and digital solutions for a range of industrial applications. Its customers include companies in the pulp and paper, hydropower, metals and environmental technology industries.

The company’s activities include machinery and production systems for pulp and paper mills, equipment and services for hydropower plants, technologies for processing and forming metals, and solutions for waste management, separation, dewatering, biomass, energy production and other environmental applications.