Voestalpine (OTCMKTS:VLPNY) Sees Unusually-High Trading Volume - Still a Buy?

Key Points

• Voestalpine AG experienced a significant increase in trading volume, with a 112% rise to approximately 2,315 shares on Tuesday.
• Analysts from Citigroup maintain a "neutral" rating for the stock, which last traded at $6.13.
• The company posted earnings per share of $0.17 and reported quarterly revenue of $4.70 billion, while projecting an earnings per share of 0.45 for the current fiscal year.

Voestalpine AG (OTCMKTS:VLPNY - Get Free Report) shares saw unusually-strong trading volume on Tuesday . Approximately 2,315 shares were traded during trading, an increase of 112% from the previous session's volume of 1,092 shares.The stock last traded at $6.13 and had previously closed at $6.07.

Wall Street Analysts Forecast Growth

Separately, Citigroup reiterated a "neutral" rating on shares of Voestalpine in a research note on Wednesday, June 11th.

Voestalpine Stock Performance

The business's 50-day simple moving average is $5.44 and its two-hundred day simple moving average is $4.95. 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 firm has a market cap of $5.25 billion, a price-to-earnings ratio of 30.63 and a beta of 1.31.

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

Voestalpine Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, July 30th. Stockholders of record on Monday, July 14th were given a dividend of $0.0724 per share. The ex-dividend date was Friday, July 11th. This represents a dividend yield of 130.0%. Voestalpine's dividend payout ratio (DPR) 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.

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