Voestalpine (OTCMKTS:VLPNY) Stock Price Down 6.8% - What's Next?

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

Analyst Ratings Changes

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

Voestalpine Price Performance

The firm has a market capitalization of $4.80 billion, a PE ratio of 28.00 and a beta of 1.30. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.44 and a quick ratio of 0.55. The firm has a 50-day simple moving average of $5.31 and a 200-day simple moving average of $4.71.

Voestalpine (OTCMKTS:VLPNY - Get Free Report) last posted 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 company had revenue of $4.21 billion for the quarter. As a group, equities analysts forecast that Voestalpine AG will post 0.45 earnings per share for the current year.

Voestalpine Cuts Dividend

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