Voestalpine (OTCMKTS:VLPNY) Stock Price Passes Below Fifty Day Moving Average – What’s Next?

Shares of Voestalpine AG (OTCMKTS:VLPNY) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $4.59 and traded as low as $4.17. Voestalpine shares last traded at $4.25, with a volume of 676 shares changing hands.

Analysts Set New Price Targets

Separately, BNP Paribas lowered shares of Voestalpine from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 3rd.

Voestalpine Price Performance

The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.43 and a current ratio of 1.39. The stock’s 50 day moving average price is $4.59 and its two-hundred day moving average price is $4.19.

Voestalpine (OTCMKTS:VLPNY) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.03 earnings per share for the quarter. Voestalpine had a negative return on equity of 0.53% and a negative net margin of 0.41%. As a group, sell-side analysts expect that Voestalpine AG will post 0.45 earnings per share for the current fiscal year.

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.