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

Key Points

• Voestalpine AG shares saw a significant gap up at market open, rising from a previous close of $7.20 to $7.56, with a trading volume of 220 shares.
• Currently, the stock holds a "Hold" consensus rating from analysts, with Deutsche Bank maintaining a "buy" rating and others reflecting a mixed outlook.
• In their most recent quarterly earnings, Voestalpine reported $0.17 earnings per share and a revenue of $4.70 billion, reflecting a return on equity of 2.15%.

Voestalpine AG (OTCMKTS:VLPNY - Get Free Report)'s share price gapped up before the market opened on Friday . The stock had previously closed at $7.20, but opened at $7.56. Voestalpine shares last traded at $7.56, with a volume of 220 shares changing hands.

Analyst Ratings Changes

VLPNY has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Voestalpine in a report on Wednesday, August 27th. Citigroup restated a "neutral" rating on shares of Voestalpine in a research note on Wednesday, June 11th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold".

Voestalpine Price Performance

The firm has a market cap of $6.50 billion, a PE ratio of 37.90 and a beta of 1.37. 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 firm's fifty day simple moving average is $6.32 and its two-hundred day simple moving average is $5.50.

Voestalpine (OTCMKTS:VLPNY - Get Free Report) last released its quarterly earnings data 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. As a group, research 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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