Voestalpine (OTCMKTS:VLPNY) Shares Down 8.8% – Here’s Why

Voestalpine AG (OTCMKTS:VLPNY)’s share price traded down 8.8% on Friday . The company traded as low as $8.9775 and last traded at $8.9775. 157 shares traded hands during mid-day trading, a decline of 96% from the average session volume of 3,910 shares. The stock had previously closed at $9.8425.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on VLPNY shares. Morgan Stanley reiterated an “overweight” rating on shares of Voestalpine in a report on Tuesday, February 24th. Barclays reissued an “overweight” rating on shares of Voestalpine in a research note on Monday, February 23rd. Citigroup reaffirmed a “neutral” rating on shares of Voestalpine in a research note on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Voestalpine in a report on Thursday, February 12th. Finally, UBS Group raised shares of Voestalpine from a “hold” rating to a “buy” rating in a report on Monday, November 17th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Voestalpine presently has an average rating of “Moderate Buy”.

Voestalpine Price Performance

The business’s 50 day moving average is $9.93 and its two-hundred day moving average is $8.37. The company has a quick ratio of 0.45, a current ratio of 1.33 and a debt-to-equity ratio of 0.16. The firm has a market cap of $7.73 billion, a P/E ratio of 26.51 and a beta of 1.27.

Voestalpine (OTCMKTS:VLPNY) last posted its quarterly earnings data on Wednesday, February 11th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). The firm had revenue of $4.13 billion during the quarter. Voestalpine had a return on equity of 3.55% and a net margin of 1.75%. As a group, analysts anticipate that Voestalpine AG will post 0.45 earnings per share for the current year.

About Voestalpine

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.