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

Key Points

• Andritz shares gapped down significantly, opening at $14.30 after closing the previous day at $15.17, with a trading volume of 500 shares.
• Zacks Research has upgraded Andritz's rating from "strong sell" to "hold", while the consensus rating remains a hold with mixed analyst opinions.
• In its last earnings report, Andritz posted $0.24 earnings per share, missing the consensus estimate of $0.26, but exceeded revenue expectations with $2.17 billion reported.

Andritz (OTCMKTS:ADRZY - Get Free Report) shares gapped down before the market opened on Tuesday . The stock had previously closed at $15.17, but opened at $14.30. Andritz shares last traded at $14.30, with a volume of 500 shares traded.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Andritz from a "strong sell" rating to a "hold" rating in a report on Monday, September 29th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Andritz presently has a consensus rating of "Hold".

Andritz Price Performance

The company has a current ratio of 1.11, a quick ratio of 0.86 and a debt-to-equity ratio of 0.24. The firm has a market cap of $7.44 billion, a price-to-earnings ratio of 14.02 and a beta of 0.93. The company's 50-day moving average is $14.64 and its 200-day moving average is $14.04.

Andritz (OTCMKTS:ADRZY - Get Free Report) last posted its quarterly earnings results 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 firm had revenue of $2.17 billion for the quarter, compared to analyst estimates of $1.93 billion. Andritz had a return on equity of 21.31% and a net margin of 5.81%. Equities research analysts predict 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.