Voestalpine (OTCMKTS:VLPNY) Hits New 1-Year High - Still a Buy?

Key Points

• Voestalpine AG's share price reached a new 52-week high of $7.74 during trading, closing at $7.51 with a trading volume of 2,631 shares.
• Market analysts show a mixed outlook; Citigroup maintains a neutral rating, while Deutsche Bank has a buy rating, leading to a consensus rating of "Hold".
• In their last earnings report, Voestalpine disclosed an earnings per share of $0.17 and revenues of $4.70 billion for the quarter, forecasting an EPS of 0.45 for the current fiscal year.

Voestalpine AG (OTCMKTS:VLPNY - Get Free Report)'s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $7.74 and last traded at $7.51, with a volume of 2631 shares changing hands. The stock had previously closed at $7.71.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Citigroup reiterated a "neutral" rating on shares of Voestalpine in a research note on Wednesday, June 11th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Voestalpine in a research note on Wednesday, August 27th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, Voestalpine has a consensus rating of "Hold".

Voestalpine Stock Down 2.6%

The firm has a 50 day moving average price of $6.40 and a 200-day moving average price of $5.54. The firm has a market cap of $6.44 billion, a PE ratio of 37.55 and a beta of 1.37. The company has a current ratio of 1.35, a quick ratio of 0.53 and a debt-to-equity ratio of 0.19.

Voestalpine (OTCMKTS:VLPNY - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $0.17 earnings per share for the quarter. The firm had revenue of $4.70 billion during the quarter. Voestalpine had a return on equity of 2.15% and a net margin of 1.02%. Research analysts forecast that Voestalpine AG will post 0.45 EPS for the current fiscal year.

About Voestalpine

Voestalpine AG processes, develops, manufactures, and sells steel products in Austria, European Union, and internationally. The company operates through five segments: Steel, High Performance Metals, Metal Engineering, Metal Forming, and Other. The Steel division produces hot and cold-rolled steel strips, as well as electrogalvanized, hot-dip galvanized, and organically coated steel strips; and heavy plates for the energy sector, as well as turbine casings for automotive, white goods/consumer goods, building/construction, energy, mechanical engineering, and others.

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