Andritz (OTCMKTS:ADRZY) Shares Gap Down - What's Next?

Key Points

• Andritz shares experienced a significant drop, opening at $14.25, down from a previous close of $15.50, with a trading volume of just 150 shares.
• BNP Paribas upgraded Andritz from a "hold" to an "outperform" rating on April 3rd, which may influence future investor sentiment.
• The company's latest earnings report showed a missed EPS estimate of $0.19 compared to the consensus of $0.22, but revenue surpassed expectations at $2 billion.

Andritz (OTCMKTS:ADRZY - Get Free Report) shares gapped down prior to trading on Thursday . The stock had previously closed at $15.50, but opened at $14.25. Andritz shares last traded at $14.25, with a volume of 150 shares trading hands.

Wall Street Analyst Weigh In

Separately, BNP Paribas upgraded Andritz from a "hold" rating to an "outperform" rating in a research note on Thursday, April 3rd.

Andritz Trading Down 8.5%

The firm has a fifty day moving average price of $14.64 and a 200-day moving average price of $13.08. The company has a market capitalization of $7.38 billion, a price-to-earnings ratio of 13.64 and a beta of 0.86. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.86 and a current ratio of 1.11.

Andritz (OTCMKTS:ADRZY - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.03). The firm had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.80 billion. Andritz had a net margin of 5.88% and a return on equity of 21.98%. As a group, equities analysts anticipate that Andritz will post 1.1 EPS for the current year.

About Andritz

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.