Andritz (OTCMKTS:ADRZY) Shares Gap Down - Here's Why

Key Points

• Andritz shares opened at $14.25 after a gap down from a previous close of $15.23, indicating a significant drop in trading value.
• The company reported a quarterly earnings miss with EPS of $0.24, below the expected $0.26, despite exceeding revenue expectations at $2.17 billion.
• Andritz, with a market capitalization of $7.70 billion, operates through four segments: Pulp & Paper, Metals, Hydro, and Separation, serving various international markets.

Andritz (OTCMKTS:ADRZY - Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $15.23, but opened at $14.25. Andritz shares last traded at $14.21, with a volume of 9,693 shares changing hands.

Andritz Price Performance

The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.86 and a current ratio of 1.11. The company has a market capitalization of $7.70 billion, a PE ratio of 14.51 and a beta of 0.87. The company's 50-day simple moving average is $14.75 and its 200-day simple moving average is $13.34.

Andritz (OTCMKTS:ADRZY - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.02). The business had revenue of $2.17 billion for the quarter, compared to analysts' expectations of $1.93 billion. Andritz had a return on equity of 21.31% and a net margin of 5.81%. As a group, sell-side analysts anticipate that Andritz will post 1.1 earnings per share for the current year.

Andritz Company Profile

Andritz AG provides plants, equipment, and services for pulp and paper industry, metalworking and steel industries, hydropower stations, and solid/liquid separation in the municipal and industrial sectors in Europe, North America, South America, China, Asia, and internationally. It operates through four segments: Pulp & Paper, Metals, Hydro, and Separation.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.