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

Key Points

• Voestalpine shares gapped up at the open from $9.23 to $9.67 and were last quoted at $9.6850 on light volume (1,654 shares).
• Analyst sentiment is positive: four Buy ratings and one Hold, including an upgrade from UBS and "overweight"/"buy" calls from Morgan Stanley and Barclays, leaving MarketBeat's average rating at Moderate Buy.
• The company has a market cap of $8.26B and a PE of 28.34, but recently missed quarterly EPS ($0.08 vs. $0.09 est.), shows low profitability (net margin 1.75%, ROE 3.55%), and trades around a 50-day/200-day moving average of $9.89/$8.32.

Voestalpine AG (OTCMKTS:VLPNY - Get Free Report)'s share price gapped up before the market opened on Wednesday . The stock had previously closed at $9.23, but opened at $9.67. Voestalpine shares last traded at $9.6850, with a volume of 1,654 shares.

Analysts Set New Price Targets

A number of research analysts recently issued reports on VLPNY shares. Morgan Stanley restated an "overweight" rating on shares of Voestalpine in a report on Tuesday, February 24th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Voestalpine in a report on Thursday, February 12th. Citigroup reiterated a "neutral" rating on shares of Voestalpine in a report on Thursday, January 22nd. Barclays reiterated an "overweight" rating on shares of Voestalpine in a report on Monday, February 23rd. Finally, UBS Group upgraded shares of Voestalpine from a "hold" rating to a "buy" rating in a research note on Monday, November 17th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy".

Voestalpine Price Performance

The company has a current ratio of 1.33, a quick ratio of 0.45 and a debt-to-equity ratio of 0.16. The firm has a market cap of $8.26 billion, a PE ratio of 28.34 and a beta of 1.27. The business has a fifty day moving average of $9.89 and a 200-day moving average of $8.32.

Voestalpine (OTCMKTS:VLPNY - Get Free Report) last released its quarterly earnings data on Wednesday, February 11th. The company reported $0.08 EPS for the quarter, missing analysts' consensus estimates 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 predict that Voestalpine AG will post 0.45 earnings per share for the current 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.

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