Voestalpine (OTCMKTS:VLPNY) Shares Gap Down – Should You Sell?

Voestalpine AG (OTCMKTS:VLPNY) shares gapped down before the market opened on Tuesday . The stock had previously closed at $8.17, but opened at $7.64. Voestalpine shares last traded at $7.64, with a volume of 430 shares trading hands.

Analysts Set New Price Targets

VLPNY has been the subject of several recent analyst reports. Morgan Stanley restated an “overweight” rating on shares of Voestalpine in a research note on Monday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Voestalpine in a report on Thursday. Finally, UBS Group upgraded shares of Voestalpine from a “hold” rating to a “buy” rating in a report on Monday. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Voestalpine currently has a consensus rating of “Moderate Buy”.

Voestalpine Trading Down 6.5%

The company has a quick ratio of 0.53, a current ratio of 1.35 and a debt-to-equity ratio of 0.19. The stock’s 50 day moving average is $7.01 and its 200-day moving average is $6.08. The company has a market cap of $6.55 billion, a PE ratio of 38.20 and a beta of 1.39.

Voestalpine (OTCMKTS:VLPNY) last posted its earnings results 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 net margin of 1.02% and a return on equity of 2.15%. The firm had revenue of $4.31 billion for the quarter, compared to the consensus estimate of $4.31 billion. As a group, sell-side analysts anticipate that Voestalpine AG will post 0.45 EPS for the current year.

About Voestalpine

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.