Voestalpine (OTCMKTS:VLPNY) Sees Large Volume Increase – Here’s What Happened

Voestalpine AG (OTCMKTS:VLPNY) shares saw an uptick in trading volume on Friday . 18,891 shares changed hands during mid-day trading, an increase of 424% from the previous session’s volume of 3,605 shares.The stock last traded at $11.02 and had previously closed at $11.44.

Analyst Ratings Changes

VLPNY has been the subject of a number of research reports. Barclays reissued an “overweight” rating on shares of Voestalpine in a research report on Monday, February 23rd. Morgan Stanley restated an “overweight” rating on shares of Voestalpine in a research note on Tuesday, February 24th. Citigroup restated a “neutral” rating on shares of Voestalpine in a research note on Friday, April 17th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Voestalpine in a research note on Thursday, February 12th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Voestalpine Price Performance

The company has a 50-day moving average price of $9.86 and a two-hundred day moving average price of $9.46. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.33 and a quick ratio of 0.45. The company has a market cap of $9.56 billion, a PE ratio of 32.81 and a beta of 1.42.

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.