Voestalpine (OTCMKTS:VLPNY) Announces Quarterly Earnings Results

Voestalpine (OTCMKTS:VLPNY) issued its earnings results on Wednesday. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.06), Zacks reports. Voestalpine had a return on equity of 6.66% and a net margin of 3.39%.

Voestalpine Trading Down 7.4%

Shares of VLPNY traded down $0.69 during mid-day trading on Wednesday, reaching $8.61. 100 shares of the company were exchanged, compared to its average volume of 4,601. The business has a 50 day simple moving average of $9.83 and a two-hundred day simple moving average of $10.02. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.54 and a current ratio of 1.41. The stock has a market capitalization of $7.38 billion, a PE ratio of 12.30 and a beta of 1.48. Voestalpine has a 52 week low of $7.64 and a 52 week high of $11.78.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Voestalpine in a research note on Friday, September 4th. Zacks Research upgraded shares of Voestalpine from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 29th. Finally, UBS Group raised shares of Voestalpine from a “hold” rating to a “buy” rating in a research note on Friday, October 9th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

Voestalpine Company Profile

voestalpine AG is an Austria-based steel and technology group headquartered in Linz. Its business spans steel production and processing, specialty metals, metal forming, and railway infrastructure. The company supplies products and services to industries including automotive, rail, aerospace, energy, and mechanical engineering. Its offerings include high-performance steels and components, automotive parts, tooling, and rail, switch, and signaling systems. voestalpine’s roots trace to steelworks established in Linz in 1938.