Voestalpine (OTCMKTS:VLPNY) Shares Gap Up – Time to Buy?

Shares of Voestalpine AG (OTCMKTS:VLPNY) gapped up before the market opened on Friday . The stock had previously closed at $9.37, but opened at $9.8250. Voestalpine shares last traded at $9.8250, with a volume of 386 shares changing hands.

Wall Street Analysts Forecast Growth

VLPNY has been the subject of several research analyst reports. UBS Group lowered Voestalpine from a “buy” rating to a “neutral” rating in a report on Monday, June 8th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Voestalpine in a research report on Thursday, June 4th. Finally, Citigroup reissued a “neutral” rating on shares of Voestalpine in a report on Thursday, June 11th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Voestalpine Stock Up 3.1%

The stock has a fifty day moving average of $10.30 and a 200-day moving average of $9.85. The firm has a market capitalization of $8.67 billion, a price-to-earnings ratio of 16.57 and a beta of 1.46. The company has a current ratio of 1.35, a quick ratio of 0.55 and a debt-to-equity ratio of 0.20.

Voestalpine (OTCMKTS:VLPNY) last announced its earnings results on Wednesday, June 3rd. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.21 by $0.02. The business had revenue of $4.59 billion during the quarter, compared to the consensus estimate of $4.19 billion. Voestalpine had a return on equity of 5.98% and a net margin of 2.97%. As a group, sell-side analysts expect that Voestalpine AG will post 0.84 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.