Andritz (OTCMKTS:ADRZY) Shares Gap Down – Here’s Why

Andritz (OTCMKTS:ADRZY)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $20.28, but opened at $18.70. Andritz shares last traded at $18.70, with a volume of 732 shares trading hands.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Zacks Research raised Andritz from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 7th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Andritz in a report on Thursday, May 14th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Andritz presently has a consensus rating of “Moderate Buy”.

Andritz Stock Up 3.0%

The company has a 50 day moving average of $17.99 and a 200-day moving average of $17.22. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.08 and a quick ratio of 0.84. The company has a market cap of $9.72 billion, a P/E ratio of 16.70 and a beta of 1.14.

Andritz (OTCMKTS:ADRZY) last announced its earnings results on Thursday, July 30th. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). Andritz had a return on equity of 19.95% and a net margin of 5.77%.The business had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.23 billion. On average, equities analysts predict that Andritz will post 1.23 earnings per share for the current year.

About Andritz

Andritz AG is a global technology group based in Graz, Austria, with a history dating back to its founding in 1852. The company specializes in providing equipment, systems, and services for industrial processes across four key business areas: Hydropower, Pulp & Paper, Metals, and Separation. Through a combination of engineering expertise and in-house manufacturing, Andritz develops tailored solutions that meet the demands of energy efficiency, resource optimization, and environmental sustainability.

In its Hydropower division, Andritz designs and installs turbines, generators, and automation systems for run-of-river, reservoir and pumped storage plants.