Voestalpine (OTCMKTS:VLPNY) Trading 5.2% Higher - What's Next?

Key Points

• Voestalpine AG's stock increased by 5.2%, reaching a price of $7.58, with trading volume significantly up at 420 shares, a 154% increase from the average.
• Analysts maintain a consensus rating of "Hold" for Voestalpine, with one buy rating and two hold ratings, recently reiterated by Deutsche Bank.
• In its most recent earnings report, Voestalpine posted $0.17 earnings per share with total revenue of $4.70 billion during the quarter.

Voestalpine AG (OTCMKTS:VLPNY - Get Free Report) traded up 5.2% on Friday . The stock traded as high as $7.58 and last traded at $7.58. 420 shares traded hands during trading, an increase of 154% from the average session volume of 165 shares. The stock had previously closed at $7.20.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Voestalpine in a research report on Wednesday, August 27th. Citigroup reissued a "neutral" rating on shares of Voestalpine in a research note on Wednesday, June 11th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold".

Voestalpine Stock Performance

The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.53 and a current ratio of 1.35. The firm's 50 day moving average is $6.32 and its 200-day moving average is $5.50. The firm has a market cap of $6.50 billion, a price-to-earnings ratio of 37.90 and a beta of 1.37.

Voestalpine (OTCMKTS:VLPNY - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.17 earnings per share (EPS) for the quarter. Voestalpine had a net margin of 1.02% and a return on equity of 2.15%. The business had revenue of $4.70 billion during the quarter. Sell-side analysts anticipate 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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