Voestalpine (OTCMKTS:VLPNY) Shares Gap Up - Should You Buy?

Voestalpine AG (OTCMKTS:VLPNY - Get Free Report) shares gapped up before the market opened on Tuesday . The stock had previously closed at $4.90, but opened at $5.50. Voestalpine shares last traded at $5.50, with a volume of 295 shares traded.

Analysts Set New Price Targets

Separately, Citigroup reaffirmed a "neutral" rating on shares of Voestalpine in a research note on Wednesday, June 11th.

Voestalpine Stock Up 12.2%

The company has a debt-to-equity ratio of 0.26, a current ratio of 1.44 and a quick ratio of 0.55. The company has a market capitalization of $4.71 billion, a price-to-earnings ratio of 27.50 and a beta of 1.29. The firm's fifty day moving average price is $5.00 and its 200-day moving average price is $4.49.

Voestalpine (OTCMKTS:VLPNY - Get Free Report) last announced its quarterly earnings results on Wednesday, June 4th. The company reported ($0.04) EPS for the quarter. Voestalpine had a net margin of 0.99% and a return on equity of 2.08%. The firm had revenue of $4.21 billion for the quarter. Sell-side analysts expect that Voestalpine AG will post 0.45 earnings per share 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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