Voestalpine AG (OTCMKTS:VLPNY – Get Rating) was the target of a large growth in short interest in the month of May. As of May 15th, there was short interest totalling 1,600 shares, a growth of 300.0% from the April 30th total of 400 shares. Based on an average daily trading volume, of 1,200 shares, the days-to-cover ratio is presently 1.3 days.
Several equities analysts recently weighed in on the company. Credit Suisse Group raised Voestalpine from a “neutral” rating to an “outperform” rating in a research note on Tuesday, February 22nd. Zacks Investment Research raised Voestalpine from a “sell” rating to a “hold” rating in a research report on Tuesday, May 3rd. Morgan Stanley reduced their target price on Voestalpine from €32.00 ($34.04) to €30.50 ($32.45) and set an “underweight” rating on the stock in a report on Monday, April 11th. Finally, upgraded Voestalpine from a “hold” rating to an “accumulate” rating in a report on Tuesday, February 15th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $21.77.
Shares of VLPNY opened at $5.90 on Thursday. The stock’s 50-day moving average is $5.48 and its two-hundred day moving average is $6.45. The stock has a market cap of $5.27 billion, a PE ratio of 5.09 and a beta of 1.31. Voestalpine has a 12 month low of $4.67 and a 12 month high of $9.61. 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 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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