Voestalpine (OTCMKTS:VLPNY) Stock Bumped Up to Hold by Zacks Research

Zacks Research upgraded shares of Voestalpine (OTCMKTS:VLPNY) from a strong sell rating to a hold rating in a research note published on Thursday,Zacks reports.

A number of other equities research analysts have also recently commented on VLPNY. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Voestalpine in a report on Friday, September 4th. UBS Group raised Voestalpine from a “hold” rating to a “buy” rating in a report on Friday, October 9th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Voestalpine Stock Performance

OTCMKTS:VLPNY opened at $9.05 on Thursday. The company has a current ratio of 1.41, a quick ratio of 0.54 and a debt-to-equity ratio of 0.19. The firm has a 50-day moving average price of $9.97 and a two-hundred day moving average price of $10.02. Voestalpine has a twelve month low of $6.62 and a twelve month high of $11.78. The company has a market capitalization of $7.76 billion, a P/E ratio of 12.93 and a beta of 1.40.

Voestalpine (OTCMKTS:VLPNY) last announced its quarterly 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 3.39% and a return on equity of 6.66%. The business had revenue of $4.64 billion during the quarter, compared to analysts’ expectations of $4.38 billion. As a group, research analysts expect that Voestalpine will post 0.80 earnings per share for the current fiscal year.

About Voestalpine

voestalpine AG is an Austria-based technology and capital goods group specializing in steel, metal processing and industrial solutions. Headquartered in Linz, Austria, the company serves customers in the automotive, railway, aerospace, energy, mechanical engineering and tooling industries.

The company operates through four main divisions: Steel, High Performance Metals, Metal Engineering and Metal Forming. Its products and services include high-quality flat steel, special and tool steels, rail systems, welding technology, sections, tubes, precision components and formed metal parts.