Andritz (OTCMKTS:ADRZY) Shares Gap Up - Still a Buy?

Key Points

• Andritz shares gapped up from $14.30 to $15.55 before settling at $15.21, with a trading volume of 1,928 shares.
• Zacks Research has upgraded Andritz from a "strong sell" to a "hold" rating, contributing to an overall average rating of "hold" from analysts.
• The company reported quarterly earnings of $0.24 per share, missing estimates, but exceeded revenue expectations with $2.17 billion in revenue for the quarter.

Shares of Andritz (OTCMKTS:ADRZY - Get Free Report) gapped up before the market opened on Thursday . The stock had previously closed at $14.30, but opened at $15.55. Andritz shares last traded at $15.21, with a volume of 1,928 shares traded.

Analyst Ratings Changes

Separately, Zacks Research upgraded Andritz from a "strong sell" rating to a "hold" rating in a report on Monday, September 29th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Andritz currently has an average rating of "Hold".

Andritz Stock Down 0.9%

The firm has a 50 day simple moving average of $14.57 and a two-hundred day simple moving average of $14.11. The company has a market capitalization of $7.38 billion, a PE ratio of 13.91 and a beta of 0.93. The company has a current ratio of 1.11, a quick ratio of 0.86 and a debt-to-equity ratio of 0.24.

Andritz (OTCMKTS:ADRZY - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.24 earnings per share for the quarter, missing analysts' consensus estimates of $0.26 by ($0.02). The firm had revenue of $2.17 billion during the quarter, compared to analysts' expectations of $1.93 billion. Andritz had a net margin of 5.81% and a return on equity of 21.31%. Research analysts expect that Andritz will post 1.1 EPS 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.

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