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Andritz (OTCMKTS:ADRZY) Shares Gap Up - Here's What Happened

Andritz logo with Industrials background

Andritz (OTCMKTS:ADRZY - Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $14.24, but opened at $15.12. Andritz shares last traded at $15.12, with a volume of 241 shares trading hands.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Research Report on Andritz

Andritz Stock Up 6.1%

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 stock has a market cap of $7.86 billion, a price-to-earnings ratio of 14.53 and a beta of 0.86. The business's 50 day moving average is $13.98 and its 200 day moving average is $12.27.

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

About Andritz

(Get Free Report)

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.

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