Voestalpine (OTCMKTS:VLPNY) Shares Gap Down - Here's What Happened

Key Points

• Voestalpine AG's shares gapped down from a previous close of $6.57 to open at $6.31 on Wednesday, with a trading volume of 172 shares.
• Wall Street analysts have issued a consensus rating of "Hold" for Voestalpine, with one analyst rating it as a "Buy" and two as "Hold".
• The company recently announced a dividend yield of 130.0%, paying $0.0724 per share on July 30th to investors of record on July 14th.

Voestalpine AG (OTCMKTS:VLPNY - Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $6.57, but opened at $6.31. Voestalpine shares last traded at $6.31, with a volume of 172 shares.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on VLPNY. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Voestalpine in a research note on Wednesday, August 27th. Citigroup reiterated a "neutral" rating on shares of Voestalpine in a report on Wednesday, June 11th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold".

Voestalpine Stock Performance

The business's fifty day moving average is $5.91 and its two-hundred day moving average is $5.27. The company has a quick ratio of 0.53, a current ratio of 1.35 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $5.41 billion, a PE ratio of 31.55 and a beta of 1.31.

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

Voestalpine Cuts Dividend

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