Voestalpine (OTCMKTS:VLPNY) Stock Rating Lowered by Zacks Research

Voestalpine (OTCMKTS:VLPNY) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Wednesday, Zacks reports.

Other equities analysts also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Voestalpine in a research note on Friday, September 4th. UBS Group downgraded Voestalpine from a “buy” rating to a “neutral” rating in a report on Monday, June 8th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Voestalpine in a research report on Thursday, June 11th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Voestalpine Price Performance

VLPNY stock opened at $10.15 on Wednesday. The company’s 50 day moving average price is $10.32 and its 200 day moving average price is $10.07. The firm has a market capitalization of $8.70 billion, a price-to-earnings ratio of 14.50 and a beta of 1.40. Voestalpine has a fifty-two week low of $6.62 and a fifty-two week high of $11.78. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.54 and a current ratio of 1.41.

Voestalpine (OTCMKTS:VLPNY) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). Voestalpine had a return on equity of 6.66% and a net margin of 3.39%.The firm had revenue of $4.64 billion during the quarter, compared to analysts’ expectations of $4.38 billion. On average, equities research analysts anticipate that Voestalpine will post 0.83 EPS for the current fiscal year.

Voestalpine Company Profile

voestalpine AG is an Austria-based technology and capital goods group headquartered in Linz. The company develops, produces and processes steel and other metal products for industrial customers worldwide, with a focus on specialized materials, advanced manufacturing and value-added components rather than commodity steel alone.

Its activities 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 railway infrastructure systems, welding consumables, automotive components, precision-formed parts, and solutions for the energy, aerospace, mechanical engineering and other industrial sectors.

voestalpine traces its origins to Austria’s postwar steel industry and adopted its current name in the 1970s.