Voestalpine (OTCMKTS:VLPNY) Shares Gap Down – What’s Next?

Voestalpine AG (OTCMKTS:VLPNY) shares gapped down prior to trading on Monday . The stock had previously closed at $10.45, but opened at $9.96. Voestalpine shares last traded at $9.96, with a volume of 1,804 shares traded.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. UBS Group cut shares of 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 note on Thursday, June 11th. Zacks Research upgraded Voestalpine from a “hold” rating to a “strong-buy” rating in a report on Monday, August 3rd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Voestalpine in a research report on Thursday, June 4th. One research 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. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Voestalpine Stock Down 5.6%

The company has a current ratio of 1.35, a quick ratio of 0.55 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $8.76 billion, a P/E ratio of 14.60 and a beta of 1.44. The stock’s 50-day simple moving average is $10.11 and its 200-day simple moving average is $10.07.

Voestalpine (OTCMKTS:VLPNY) last posted its earnings results on Wednesday, August 5th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.01). Voestalpine had a return on equity of 6.74% and a net margin of 3.39%.The firm had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.38 billion. As a group, research analysts predict that Voestalpine AG will post 0.83 earnings per share for the current fiscal 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.