Andritz (OTCMKTS:ADRZY) Shares Gap Up – Here’s Why

Andritz (OTCMKTS:ADRZY) gapped up before the market opened on Monday. The stock had previously closed at $18.1450, but opened at $19.21. Andritz shares last traded at $18.1320, with a volume of 1,070 shares changing hands.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Andritz from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 7th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Andritz Price Performance

The company has a market capitalization of $9.43 billion, a price-to-earnings ratio of 16.19 and a beta of 1.14. The stock has a fifty day simple moving average of $19.22 and a 200-day simple moving average of $18.03. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.07 and a quick ratio of 0.81.

Andritz (OTCMKTS:ADRZY) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.01). The company had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.23 billion. Andritz had a return on equity of 19.74% and a net margin of 5.77%. On average, equities research analysts anticipate that Andritz will post 1.19 EPS for the current year.

Andritz Company Profile

Andritz AG is an Austria-based international technology and engineering group that develops, manufactures and services equipment, systems and technologies for industrial production and energy generation. The company serves customers throughout the life cycle of its products, including project development, engineering, installation, automation, maintenance and aftermarket services.

Its main business areas include pulp and paper production, metals processing, hydropower, and separation and environmental technologies.