Voestalpine (OTCMKTS:VLPNY) Shares Gap Down – Should You Sell?

Voestalpine AG (OTCMKTS:VLPNY)’s share price gapped down before the market opened on Thursday. The stock had previously closed at $10.15, but opened at $9.4550. Voestalpine shares last traded at $9.4550, with a volume of 227 shares traded.

Analysts Set New Price Targets

VLPNY has been the topic of a number of recent analyst reports. Zacks Research lowered shares of Voestalpine from a “hold” rating to a “strong sell” rating in a research report on Wednesday, September 30th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Voestalpine in a research note on Friday, September 4th. Finally, UBS Group raised shares of Voestalpine from a “hold” rating to a “buy” rating in a research report on Friday. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Voestalpine Price Performance

The company’s 50 day simple moving average is $10.30 and its two-hundred day simple moving average is $10.10. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.41 and a quick ratio of 0.54. The stock has a market capitalization of $8.57 billion, a P/E ratio of 14.29 and a beta of 1.40.

Voestalpine (OTCMKTS:VLPNY) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). The business had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.38 billion. Voestalpine had a net margin of 3.39% and a return on equity of 6.66%. As a group, equities analysts expect that Voestalpine AG 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.