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

Voestalpine AG (OTCMKTS:VLPNY)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $9.96, but opened at $10.89. Voestalpine shares last traded at $10.89, with a volume of 384 shares traded.

Analyst Ratings Changes

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

Voestalpine Stock Performance

The business’s fifty day moving average price is $10.13 and its 200-day moving average price is $9.97. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.35 and a quick ratio of 0.55. The stock has a market capitalization of $8.90 billion, a PE ratio of 17.02 and a beta of 1.46.

Voestalpine (OTCMKTS:VLPNY) last posted its earnings results on Wednesday, June 3rd. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.02. The business had revenue of $4.59 billion for the quarter, compared to analysts’ expectations of $4.19 billion. Voestalpine had a net margin of 2.97% and a return on equity of 5.98%. As a group, equities research analysts expect that Voestalpine AG will post 0.88 EPS for the current year.

About Voestalpine

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.