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

Voestalpine AG (OTCMKTS:VLPNY) shares gapped up prior to trading on Thursday . The stock had previously closed at $10.00, but opened at $10.6220. Voestalpine shares last traded at $10.6220, with a volume of 164 shares changing hands.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Citigroup reissued a “neutral” rating on shares of Voestalpine in a report on Thursday, June 11th. Zacks Research lowered shares of Voestalpine from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 1st. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Voestalpine in a research report on Friday, September 4th. Finally, UBS Group lowered shares of Voestalpine from a “buy” rating to a “neutral” rating in a research note on Monday, June 8th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Voestalpine Stock Performance

The firm has a 50-day simple moving average of $10.24 and a two-hundred day simple moving average of $10.05. The company has a current ratio of 1.41, a quick ratio of 0.54 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $9.11 billion, a price-to-earnings ratio of 15.17 and a beta of 1.44.

Voestalpine (OTCMKTS:VLPNY) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.01). The firm had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.38 billion. Voestalpine had a net margin of 3.39% and a return on equity of 6.66%. As a group, sell-side analysts forecast that Voestalpine AG will post 0.83 earnings per share for the current fiscal year.

About Voestalpine

voestalpine AG is an Austria-based technology and industrial group specializing in steel, metal products and advanced manufacturing solutions. The company serves customers in the automotive, railway, aerospace, energy, construction and mechanical engineering industries.

Its operations are organized across four main divisions: Steel, High Performance Metals, Metal Engineering and Metal Forming. Products and services include high-quality flat steel, tool and special steels, rail and turnout systems, wire products, welding technology, precision tubes, automotive components and formed metal parts.