Andritz (OTCMKTS:ADRZY) Stock Rating Upgraded by Zacks Research

Key Points

• Andritz's stock rating has been upgraded by Zacks Research from a "strong sell" to a "hold," according to a recent report.
• Despite the upgrade, shares of Andritz fell by 4.0% to $14.02, with a market cap of $7.29 billion.
• The company reported $0.24 EPS for the last quarter, missing expectations, but achieved revenue of $2.17 billion, surpassing analyst predictions of $1.93 billion.

Andritz (OTCMKTS:ADRZY - Get Free Report) was upgraded by stock analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a note issued to investors on Monday,Zacks.com reports.

Andritz Stock Down 4.0%

Shares of ADRZY stock opened at $14.02 on Monday. The stock has a market cap of $7.29 billion, a P/E ratio of 13.75 and a beta of 0.93. Andritz has a 52 week low of $9.35 and a 52 week high of $15.80. The company has a quick ratio of 0.86, a current ratio of 1.11 and a debt-to-equity ratio of 0.24. The company's fifty day simple moving average is $14.72 and its two-hundred day simple moving average is $13.98.

Andritz (OTCMKTS:ADRZY - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.02). The company had revenue of $2.17 billion during 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%. Analysts predict that Andritz will post 1.1 EPS for the current fiscal 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.