Voestalpine (OTCMKTS:VLPNY) Stock Price Down 3.6% – Here’s What Happened

Shares of Voestalpine AG (OTCMKTS:VLPNY) fell 3.6% during mid-day trading on Wednesday . The company traded as low as $9.00 and last traded at $9.01. 865 shares were traded during trading, a decline of 77% from the average session volume of 3,784 shares. The stock had previously closed at $9.35.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on VLPNY. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Voestalpine in a report on Thursday, February 12th. Citigroup reiterated a “neutral” rating on shares of Voestalpine in a research note on Thursday, January 22nd. Morgan Stanley reissued an “overweight” rating on shares of Voestalpine in a report on Tuesday, February 24th. Finally, Barclays reissued an “overweight” rating on shares of Voestalpine in a research report on Monday, February 23rd. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Voestalpine has an average rating of “Moderate Buy”.

Voestalpine Trading Down 6.3%

The company has a 50 day moving average of $9.90 and a 200 day moving average of $8.51. The firm has a market cap of $7.32 billion, a price-to-earnings ratio of 25.12 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.01). The company had revenue of $4.13 billion for the quarter. Voestalpine had a return on equity of 3.55% and a net margin of 1.75%. As a group, research analysts anticipate 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.