Voestalpine (OTCMKTS:VLPNY) Shares Gap Down – Time to Sell?

Voestalpine AG (OTCMKTS:VLPNY)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $9.21, but opened at $8.8750. Voestalpine shares last traded at $9.1213, with a volume of 787 shares trading hands.

Wall Street Analysts Forecast Growth

VLPNY has been the topic of a number of recent analyst reports. UBS Group upgraded Voestalpine from a “hold” rating to a “buy” rating in a research note on Monday, November 17th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Voestalpine in a research report on Thursday, February 12th. Morgan Stanley reaffirmed an “overweight” rating on shares of Voestalpine in a research report on Tuesday, February 24th. Barclays reiterated an “overweight” rating on shares of Voestalpine in a research note on Monday, February 23rd. Finally, Citigroup reissued a “neutral” rating on shares of Voestalpine in a research report on Thursday, January 22nd. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Voestalpine currently has a consensus rating of “Moderate Buy”.

Voestalpine Trading Down 0.1%

The firm has a fifty day moving average of $9.93 and a two-hundred day moving average of $8.38. The company has a market cap of $7.89 billion, a PE ratio of 27.06 and a beta of 1.27. The company has a current ratio of 1.33, a quick ratio of 0.45 and a debt-to-equity ratio of 0.16.

Voestalpine (OTCMKTS:VLPNY) last released its quarterly earnings data on Wednesday, February 11th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.01). The business had revenue of $4.13 billion for the quarter. Voestalpine had a net margin of 1.75% and a return on equity of 3.55%. As a group, sell-side analysts predict that Voestalpine AG will post 0.45 EPS for the current year.

Voestalpine Company Profile

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.