Voestalpine (OTCMKTS:VLPNY) Shares Gap Down – Here’s Why

Voestalpine AG (OTCMKTS:VLPNY) gapped down before the market opened on Friday . The stock had previously closed at $10.93, but opened at $10.45. Voestalpine shares last traded at $10.45, with a volume of 635 shares trading hands.

Analyst Ratings Changes

Several research analysts have recently commented on the company. UBS Group lowered Voestalpine from a “buy” rating to a “neutral” rating in a research report on Monday, June 8th. Citigroup reissued a “neutral” rating on shares of Voestalpine in a research report on Thursday, June 11th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Voestalpine in a research note on Thursday, June 4th. Finally, Zacks Research raised shares of Voestalpine from a “hold” rating to a “strong-buy” rating in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

Voestalpine Trading Down 2.0%

The stock has a market cap of $8.96 billion, a price-to-earnings ratio of 14.93 and a beta of 1.44. The firm’s 50 day moving average is $10.11 and its two-hundred day moving average is $10.02. The company has a quick ratio of 0.55, a current ratio of 1.35 and a debt-to-equity ratio of 0.20.

Voestalpine (OTCMKTS:VLPNY) last issued its earnings results on Wednesday, August 5th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). Voestalpine had a net margin of 3.39% and a return on equity of 6.74%. The company had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.38 billion. Equities analysts anticipate 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.