Voestalpine (OTCMKTS:VLPNY) Shares Gap Down - What's Next?

Key Points

• Voestalpine shares gapped down from a previous close of $7.72 to open at $7.40, with a trading volume of 305 shares.
• Deutsche Bank reiterated a “buy” rating for Voestalpine, while the company's consensus rating stands at "Hold" by other analysts.
• The company reported a net margin of 1.02% and a revenue of $4.70 billion for the last quarter, with an expected EPS of 0.45 for the current fiscal year.

Shares of Voestalpine AG (OTCMKTS:VLPNY - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $7.72, but opened at $7.40. Voestalpine shares last traded at $7.40, with a volume of 305 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Voestalpine in a research report on Wednesday, August 27th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Hold".

Voestalpine Stock Performance

The company has a debt-to-equity ratio of 0.19, a current ratio of 1.35 and a quick ratio of 0.53. The firm has a market capitalization of $6.34 billion, a P/E ratio of 37.00 and a beta of 1.37. The firm has a 50-day moving average price of $6.54 and a two-hundred day moving average price of $5.59.

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

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.

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