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

Shares of Andritz (OTCMKTS:ADRZY) gapped up before the market opened on Friday. The stock had previously closed at $18.4360, but opened at $19.70. Andritz shares last traded at $19.70, with a volume of 404 shares.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Andritz from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 7th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Andritz Stock Performance

The firm has a market cap of $10.24 billion, a price-to-earnings ratio of 17.59 and a beta of 1.14. The company has a quick ratio of 0.81, a current ratio of 1.07 and a debt-to-equity ratio of 0.15. The stock has a 50 day moving average of $19.36 and a 200 day moving average of $17.87.

Andritz (OTCMKTS:ADRZY) last issued its earnings results on Thursday, July 30th. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). The business had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.23 billion. Andritz had a net margin of 5.77% and a return on equity of 19.74%. As a group, analysts anticipate that Andritz will post 1.23 EPS for the current fiscal year.

Andritz Company Profile

Andritz AG is an Austria-based international technology and engineering group headquartered in Graz. Founded in 1852, the company develops, designs and supplies plants, systems, equipment and services for industrial production and infrastructure projects.

Its main business areas include pulp and paper, metals, hydropower, and environment and energy. Andritz provides technologies for pulp and paper production, paper and tissue processing, metal forming and processing, hydropower generation, wastewater treatment, sludge management, biomass and renewable-energy applications, and related industrial services.

Andritz serves customers worldwide through production facilities, engineering operations and service locations across Europe, the Americas, Asia and other international markets.