Andritz (OTCMKTS:ADRZY) Shares Gap Up – Here’s Why

Andritz (OTCMKTS:ADRZY)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $17.25, but opened at $20.33. Andritz shares last traded at $20.33, with a volume of 1,098 shares traded.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on ADRZY shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Andritz in a research report on Thursday, May 14th. Zacks Research upgraded Andritz from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 7th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

Andritz Stock Up 17.9%

The firm’s 50-day simple moving average is $17.69 and its 200 day simple moving average is $17.06. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.84 and a current ratio of 1.08. The company has a market cap of $10.57 billion, a P/E ratio of 18.48 and a beta of 1.15.

Andritz (OTCMKTS:ADRZY) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). The company had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.23 billion. Andritz had a return on equity of 20.04% and a net margin of 5.81%. On average, research analysts forecast that Andritz will post 1.22 earnings per share for the current fiscal year.

Andritz Company Profile

Andritz AG is a global technology group based in Graz, Austria, with a history dating back to its founding in 1852. The company specializes in providing equipment, systems, and services for industrial processes across four key business areas: Hydropower, Pulp & Paper, Metals, and Separation. Through a combination of engineering expertise and in-house manufacturing, Andritz develops tailored solutions that meet the demands of energy efficiency, resource optimization, and environmental sustainability.

In its Hydropower division, Andritz designs and installs turbines, generators, and automation systems for run-of-river, reservoir and pumped storage plants.