Andritz (OTCMKTS:ADRZY) Sees Large Volume Increase – Here’s What Happened

Andritz (OTCMKTS:ADRZY) shares saw unusually-strong trading volume on Thursday . Approximately 28,774 shares changed hands during trading, an increase of 1,392% from the previous session’s volume of 1,929 shares.The stock last traded at $18.06 and had previously closed at $18.1632.

Analyst Ratings Changes

Several equities analysts recently issued reports on ADRZY shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Andritz in a research report on Thursday, May 14th. Zacks Research downgraded Andritz from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 30th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Andritz has an average rating of “Moderate Buy”.

Andritz Stock Performance

The stock’s 50 day moving average price is $16.59 and its two-hundred day moving average price is $16.36. The company has a current ratio of 1.13, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $9.34 billion, a price-to-earnings ratio of 16.33 and a beta of 1.14.

Andritz (OTCMKTS:ADRZY) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.02). Andritz had a net margin of 5.81% and a return on equity of 20.19%. The company had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.08 billion. On average, analysts forecast that Andritz will post 1.24 EPS for the current year.

About Andritz

Andritz AG is a global technology group based in Graz, Austria, with a history dating back to its founding in 1852. The company specializes in providing equipment, systems, and services for industrial processes across four key business areas: Hydropower, Pulp & Paper, Metals, and Separation. Through a combination of engineering expertise and in-house manufacturing, Andritz develops tailored solutions that meet the demands of energy efficiency, resource optimization, and environmental sustainability.

In its Hydropower division, Andritz designs and installs turbines, generators, and automation systems for run-of-river, reservoir and pumped storage plants.