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

Voestalpine AG (OTCMKTS:VLPNY)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $10.6220, but opened at $10.10. Voestalpine shares last traded at $10.10, with a volume of 144 shares traded.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on VLPNY shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Voestalpine in a report on Friday, September 4th. Citigroup restated a “neutral” rating on shares of Voestalpine in a report on Thursday, June 11th. Zacks Research downgraded Voestalpine from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 1st. Finally, UBS Group downgraded Voestalpine from a “buy” rating to a “neutral” rating in a report on Monday, June 8th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Voestalpine Stock Down 4.9%

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 company has a 50-day simple moving average of $10.26 and a 200 day simple moving average of $10.04. The company has a market cap of $8.66 billion, a P/E ratio of 14.43 and a beta of 1.44.

Voestalpine (OTCMKTS:VLPNY) last announced its 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). The company had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.38 billion. Voestalpine had a net margin of 3.39% and a return on equity of 6.66%. On average, equities analysts anticipate that Voestalpine AG will post 0.83 EPS for the current year.

Voestalpine Company Profile

voestalpine AG is an Austria-based technology and industrial group specializing in steel, metal products and advanced manufacturing solutions. The company serves customers in the automotive, railway, aerospace, energy, construction and mechanical engineering industries.

Its operations are organized across four main divisions: Steel, High Performance Metals, Metal Engineering and Metal Forming. Products and services include high-quality flat steel, tool and special steels, rail and turnout systems, wire products, welding technology, precision tubes, automotive components and formed metal parts.