Voestalpine AG (OTCMKTS:VLPNY – Get Rating) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 19,400 shares, an increase of 3,133.3% from the August 15th total of 600 shares. Based on an average daily volume of 13,100 shares, the days-to-cover ratio is presently 1.5 days.
Analyst Upgrades and Downgrades
Several analysts recently commented on VLPNY shares. JPMorgan Chase & Co. cut shares of Voestalpine from an “overweight” rating to an “underweight” rating in a report on Wednesday, June 22nd. Morgan Stanley lifted their target price on shares of Voestalpine from €34.00 ($34.69) to €35.00 ($35.71) and gave the company an “equal weight” rating in a research note on Thursday, July 7th. UBS Group reduced their target price on shares of Voestalpine from €28.70 ($29.29) to €21.00 ($21.43) and set a “neutral” rating for the company in a research note on Tuesday, July 26th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Voestalpine from €35.00 ($35.71) to €29.00 ($29.59) and set a “hold” rating for the company in a research note on Thursday, July 14th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $31.63.
Voestalpine Price Performance
Shares of Voestalpine stock opened at $4.07 on Wednesday. The firm has a fifty day simple moving average of $4.21 and a 200-day simple moving average of $5.04. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.58 and a current ratio of 1.52. Voestalpine has a 1-year low of $3.78 and a 1-year high of $8.59.
Voestalpine Dividend Announcement
The company also recently disclosed a dividend, which was paid on Tuesday, August 2nd. Stockholders of record on Friday, July 15th were paid a $0.1611 dividend. This represents a dividend yield of 3.78%. The ex-dividend date of this dividend was Thursday, July 14th.
Voestalpine Company Profile
Voestalpine AG processes, develops, manufactures, and sells steel products in Austria, European Union, and internationally. 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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