Voestalpine (OTCMKTS:VLPNY) Hits New 12-Month High - Time to Buy?

Key Points

• Voestalpine AG's stock reached a new 52-week high of $6.23 during mid-day trading, reflecting a significant increase from its previous closing price of $5.70.
• In their latest earnings report, Voestalpine reported an EPS of $0.17 and a revenue of $4.70 billion for the quarter, with analysts expecting a total EPS of 0.45 for the current fiscal year.
• The company announced a dividend yield of 130.0% and a dividend payout ratio of 35.00%, despite cutting its dividend in the past.

Voestalpine AG (OTCMKTS:VLPNY - Get Free Report)'s stock price reached a new 52-week high during trading on Monday . The company traded as high as $6.23 and last traded at $6.23, with a volume of 2035 shares changing hands. The stock had previously closed at $5.70.

Wall Street Analysts Forecast Growth

Separately, Citigroup reaffirmed a "neutral" rating on shares of Voestalpine in a report on Wednesday, June 11th.

Voestalpine Stock Up 0.9%

The company has a quick ratio of 0.55, a current ratio of 1.44 and a debt-to-equity ratio of 0.26. The company has a fifty day moving average price of $5.46 and a 200-day moving average price of $4.96. The stock has a market capitalization of $5.25 billion, a P/E ratio of 30.63 and a beta of 1.31.

Voestalpine (OTCMKTS:VLPNY - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $0.17 earnings per share (EPS) for the quarter. Voestalpine had a return on equity of 2.18% and a net margin of 1.02%. The firm had revenue of $4.70 billion for the quarter. As a group, research analysts forecast that Voestalpine AG will post 0.45 EPS for the current fiscal year.

Voestalpine Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, July 30th. Stockholders of record on Monday, July 14th were issued a $0.0724 dividend. This represents a dividend yield of 130.0%. The ex-dividend date of this dividend was Friday, July 11th. Voestalpine's payout ratio is 35.00%.

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.