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

Key Points

• Shares gapped up premarket from $9.76 to $10.45 and last traded at $10.45, roughly a 5.2% rise on light volume (785 shares).
• Analysts are broadly positive with four Buy ratings and one Hold, giving a consensus of "Moderate Buy"; Deutsche Bank, Barclays and Morgan Stanley reiterated buy/overweight calls while Citi remained neutral.
• Fundamentals show a market cap of $8.92 billion and a PE of 30.59; the company reported an earnings miss (Q: $0.08 vs. $0.09 est.) on $4.13 billion revenue, with low net margin (1.75%) and ROE of 3.55%.

Shares of Voestalpine AG (OTCMKTS:VLPNY - Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $9.76, but opened at $10.45. Voestalpine shares last traded at $10.45, with a volume of 785 shares traded.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on VLPNY. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Voestalpine in a research note on Thursday, February 12th. Citigroup reiterated a "neutral" rating on shares of Voestalpine in a research note on Friday. Barclays reiterated an "overweight" rating on shares of Voestalpine in a research note on Monday, February 23rd. Finally, Morgan Stanley reiterated an "overweight" rating on shares of Voestalpine in a research note on Tuesday, February 24th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Voestalpine has a consensus rating of "Moderate Buy".

Voestalpine Stock Up 5.2%

The firm has a market capitalization of $8.92 billion, a PE ratio of 30.59 and a beta of 1.38. The firm's 50 day moving average price is $9.86 and its two-hundred day moving average price is $8.79. The company has a quick ratio of 0.45, a current ratio of 1.33 and a debt-to-equity ratio of 0.16.

Voestalpine (OTCMKTS:VLPNY - Get Free Report) last announced its earnings results on Wednesday, February 11th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.01). The firm had revenue of $4.13 billion during the quarter. Voestalpine had a net margin of 1.75% and a return on equity of 3.55%. As a group, research analysts forecast that Voestalpine AG will post 0.45 EPS for the current fiscal year.

About Voestalpine

Voestalpine AG is a leading steel-based technology and capital goods group headquartered in Linz, Austria. The company specializes in the production of high-quality steel and sophisticated components for a range of industries, including automotive, railway systems, aerospace, energy, and construction. It operates across all major processing steps in steel production, from raw‐material processing and steelmaking to downstream activities such as coating, processing, and assembly.

Voestalpine's portfolio is organized into several business divisions.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.