Voestalpine AG (OTCMKTS:VLPNY – Get Rating) saw a significant increase in short interest in the month of April. As of April 30th, there was short interest totalling 400 shares, an increase of 33.3% from the April 15th total of 300 shares. Based on an average daily volume of 1,400 shares, the short-interest ratio is currently 0.3 days.
Shares of OTCMKTS:VLPNY opened at $5.05 on Monday. The company has a market cap of $4.51 billion, a P/E ratio of 4.35 and a beta of 1.31. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.35 and a quick ratio of 0.49. Voestalpine has a 1 year low of $4.67 and a 1 year high of $9.61. The stock’s fifty day moving average price is $5.53 and its 200-day moving average price is $6.54.
VLPNY has been the topic of a number of recent research reports. Zacks Investment Research raised Voestalpine from a “sell” rating to a “hold” rating in a research note on Tuesday, May 3rd. Credit Suisse Group raised Voestalpine from a “neutral” rating to an “outperform” rating in a research note on Tuesday, February 22nd. raised Voestalpine from a “hold” rating to an “accumulate” rating in a research note on Tuesday, February 15th. Finally, Morgan Stanley cut their target price on Voestalpine from €32.00 ($33.68) to €30.50 ($32.11) and set an “underweight” rating on the stock in a research note on Monday, April 11th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $21.77.
Voestalpine AG processes, develops, manufactures, and sells steel products worldwide. The company operates through five segments: Steel, High Performance Metals, Metal Engineering, Metal Forming, and Other. The Steel division produces hot and cold-rolled steel strips, as well as electrogalvanized, hot-dip galvanized, and organically coated steel strips; and heavy plates for the energy sector, as well as turbine casings for automotive, white goods/consumer goods, building/construction, energy, mechanical engineering, and others.
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