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

Key Points

• Voestalpine AG's stock price opened at $7.46, after closing at $6.85, showing a significant gap up before the market opened on Wednesday.
• Analysts from Deutsche Bank reiterated a "buy" rating for Voestalpine, while the stock has a consensus rating of "Hold" among analysts.
• Voestalpine reported quarterly earnings of $0.17 earnings per share and had a revenue of $4.70 billion, with expectations for a full-year EPS of 0.45.

Voestalpine AG (OTCMKTS:VLPNY - Get Free Report)'s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $6.85, but opened at $7.46. Voestalpine shares last traded at $7.46, with a volume of 442 shares trading hands.

Analysts Set New Price Targets

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

Voestalpine Stock Up 4.3%

The company has a 50 day moving average price of $6.73 and a two-hundred day moving average price of $5.70. 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 stock has a market cap of $6.40 billion, a PE ratio of 37.30 and a beta of 1.37.

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 return on equity of 2.15% and a net margin of 1.02%.The firm had revenue of $4.70 billion during the quarter. Analysts expect that Voestalpine AG will post 0.45 EPS for the current year.

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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