Voestalpine (OTCMKTS:VLPNY) Sees Large Volume Increase - Time to Buy?

Key Points

• Voestalpine AG experienced a significant increase in trading volume, with a 255% rise to 3,749 shares on Tuesday, boosting its stock price to $7.56.
• Deutsche Bank reiterated a "buy" rating for Voestalpine, while the stock holds a consensus rating of "Hold" among analysts.
• The company reported a revenue of $4.70 billion for the quarter and anticipates earnings of $0.45 per share for the current fiscal year.

Voestalpine AG (OTCMKTS:VLPNY - Get Free Report) saw an uptick in trading volume on Tuesday . 3,749 shares changed hands during mid-day trading, an increase of 255% from the previous session's volume of 1,056 shares.The stock last traded at $7.56 and had previously closed at $7.40.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Voestalpine in a research report 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. According to MarketBeat.com, Voestalpine presently has a consensus rating of "Hold".

Voestalpine Stock Performance

The stock has a market capitalization of $6.05 billion, a PE ratio of 35.29 and a beta of 1.37. The stock has a fifty day moving average of $6.58 and a 200-day moving average of $5.61. The company has a quick ratio of 0.53, a current ratio of 1.35 and a debt-to-equity ratio of 0.19.

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

Voestalpine Company Profile

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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