Voestalpine (OTCMKTS:VLPNY) Stock Price Down 6.8% - Here's Why

Voestalpine AG (OTCMKTS:VLPNY - Get Free Report) traded down 6.8% on Tuesday . The stock traded as low as $5.40 and last traded at $5.40. 251 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 1,160 shares. The stock had previously closed at $5.80.

Wall Street Analyst Weigh In

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

Voestalpine Stock Performance

The firm has a market capitalization of $4.55 billion, a price-to-earnings ratio of 26.52 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. The stock has a 50-day moving average price of $5.31 and a 200 day moving average price of $4.71.

Voestalpine (OTCMKTS:VLPNY - Get Free Report) last issued its quarterly earnings data on Wednesday, June 4th. The company reported ($0.04) earnings per share for the quarter. Voestalpine had a net margin of 0.99% and a return on equity of 2.08%. The firm had revenue of $4.21 billion during the quarter. On average, analysts forecast that Voestalpine AG will post 0.45 EPS for the current year.

Voestalpine Cuts Dividend

The business also recently declared a dividend, which will be paid on Wednesday, July 30th. Stockholders of record on Monday, July 14th will be paid a dividend of $0.0724 per share. This represents a dividend yield of 1.3%. The ex-dividend date is Friday, July 11th. Voestalpine's dividend payout ratio (DPR) is presently 35.00%.

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.