Voestalpine (OTCMKTS:VLPNY) Hits New 12-Month High – Still a Buy?

Voestalpine AG (OTCMKTS:VLPNY)’s stock price hit a new 52-week high during trading on Friday . The stock traded as high as $9.41 and last traded at $9.41, with a volume of 657 shares traded. The stock had previously closed at $9.27.

Analyst Ratings Changes

Several equities analysts have issued reports on VLPNY shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Voestalpine in a report on Thursday, November 13th. Morgan Stanley reissued an “overweight” rating on shares of Voestalpine in a research report on Tuesday. Citigroup reaffirmed a “neutral” rating on shares of Voestalpine in a research report on Friday, December 5th. Finally, UBS Group upgraded Voestalpine from a “hold” rating to a “buy” rating in a research note on Monday, November 17th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Voestalpine Stock Performance

The stock has a market cap of $7.96 billion, a PE ratio of 32.00 and a beta of 1.32. The stock has a fifty day moving average of $8.31 and a 200-day moving average of $7.02. The company has a quick ratio of 0.49, a current ratio of 1.32 and a debt-to-equity ratio of 0.17.

Voestalpine (OTCMKTS:VLPNY) last posted its quarterly earnings data on Wednesday, November 12th. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. Voestalpine had a return on equity of 3.10% and a net margin of 1.50%.The company had revenue of $4.31 billion during the quarter, compared to analysts’ expectations of $4.31 billion. On average, equities analysts forecast that Voestalpine AG will post 0.45 EPS for the current year.

Voestalpine Company Profile

Voestalpine AG is a leading steel-based technology and capital goods group headquartered in Linz, Austria. The company specializes in the production of high-quality steel and sophisticated components for a range of industries, including automotive, railway systems, aerospace, energy, and construction. It operates across all major processing steps in steel production, from raw‐material processing and steelmaking to downstream activities such as coating, processing, and assembly.

Voestalpine’s portfolio is organized into several business divisions.