Andritz (OTCMKTS:ADRZY) Shares Gap Down – Time to Sell?

Shares of Andritz (OTCMKTS:ADRZY) gapped down before the market opened on Thursday . The stock had previously closed at $20.4454, but opened at $19.90. Andritz shares last traded at $19.90, with a volume of 144 shares trading hands.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Andritz from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 7th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Andritz currently has a consensus rating of “Moderate Buy”.

Andritz Trading Down 2.7%

The company has a market capitalization of $10.35 billion, a P/E ratio of 17.77 and a beta of 1.13. The company has a 50-day simple moving average of $18.76 and a 200 day simple moving average of $17.52. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.07.

Andritz (OTCMKTS:ADRZY) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.01). Andritz had a net margin of 5.77% and a return on equity of 19.74%. The business had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.23 billion. Sell-side analysts expect that Andritz will post 1.23 earnings per share for the current year.

Andritz Company Profile

Andritz AG is an Austria-based international technology and engineering group that develops, supplies and services plants, systems, equipment and digital solutions for a range of industrial applications. Its customers include companies in the pulp and paper, hydropower, metals and environmental technology industries.

The company’s activities include machinery and production systems for pulp and paper mills, equipment and services for hydropower plants, technologies for processing and forming metals, and solutions for waste management, separation, dewatering, biomass, energy production and other environmental applications.