Voestalpine (OTCMKTS:VLPNY) Shares Gap Up - Time to Buy?

Voestalpine AG (OTCMKTS:VLPNY - Get Free Report) shares gapped up prior to trading 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 changing hands.

Wall Street Analysts Forecast Growth

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

Voestalpine Stock Up 0.9%

The stock has a market cap of $4.76 billion, a price-to-earnings ratio of 27.75 and a beta of 1.29. The company has a current ratio of 1.44, a quick ratio of 0.55 and a debt-to-equity ratio of 0.26. The stock's 50-day moving average price is $5.10 and its 200-day moving average price is $4.53.

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