Voestalpine (OTCMKTS:VLPNY) Reaches New 1-Year High - Here's What Happened

Voestalpine AG (OTCMKTS:VLPNY - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $6.01 and last traded at $6.01, with a volume of 2877 shares traded. The stock had previously closed at $5.56.

Wall Street Analysts Forecast Growth

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

Voestalpine Stock Up 8.1%

The business has a 50-day moving average price of $5.29 and a 200-day moving average price of $4.66. The company has a market capitalization of $5.15 billion, a price-to-earnings ratio of 30.05 and a beta of 1.30. The company has a quick ratio of 0.55, a current ratio of 1.44 and a debt-to-equity ratio of 0.26.

Voestalpine (OTCMKTS:VLPNY - Get Free Report) last announced its earnings results on Wednesday, June 4th. The company reported ($0.04) earnings per share (EPS) for the quarter. The company had revenue of $4.21 billion for the quarter. Voestalpine had a return on equity of 2.08% and a net margin of 0.99%. As a group, equities analysts anticipate that Voestalpine AG will post 0.45 earnings per share for the current fiscal year.

Voestalpine Cuts Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, July 30th. Stockholders of record on Monday, July 14th will be issued a dividend of $0.0724 per share. The ex-dividend date is Friday, July 11th. This represents a dividend yield of 1.3%. Voestalpine's dividend payout ratio is 50.00%.

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.