Voestalpine (OTCMKTS:VLPNY) Sees Unusually-High Trading Volume Following Analyst Upgrade

Shares of Voestalpine AG (OTCMKTS:VLPNY) saw unusually-high trading volume on Tuesday after Zacks Research upgraded the stock from a hold rating to a strong-buy rating. 5,101 shares changed hands during trading, a decline of 9% from the previous session’s volume of 5,625 shares.The stock last traded at $11.21 and had previously closed at $10.61.

Several other brokerages have also weighed in on VLPNY. Citigroup restated a “neutral” rating on shares of Voestalpine in a report on Thursday, June 11th. UBS Group downgraded 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 research report on Thursday, June 4th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Voestalpine has a consensus rating of “Moderate Buy”.

Voestalpine Trading Down 1.8%

The business has a 50-day moving average price of $10.13 and a two-hundred day moving average price of $10.00. The company has a quick ratio of 0.55, a current ratio of 1.35 and a debt-to-equity ratio of 0.20. The company has a market cap of $9.37 billion, a P/E ratio of 17.92 and a beta of 1.44.

Voestalpine (OTCMKTS:VLPNY) last issued its earnings results on Wednesday, August 5th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.01). Voestalpine had a net margin of 2.97% and a return on equity of 5.98%. On average, analysts predict 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.