Shares of Voestalpine AG (OTCMKTS:VLPNY) reached a new 52-week high on Tuesday . The stock traded as high as $8.81 and last traded at $8.80, with a volume of 351 shares. The stock had previously closed at $8.18.
Several analysts have issued reports on VLPNY shares. Morgan Stanley reissued an “underweight” rating on shares of Voestalpine in a research note on Wednesday, March 24th. JPMorgan Chase & Co. reissued an “underweight” rating on shares of Voestalpine in a research note on Wednesday, February 10th. AlphaValue raised Voestalpine to a “reduce” rating in a research note on Wednesday, February 24th. Credit Suisse Group raised Voestalpine from an “underperform” rating to a “neutral” rating in a research note on Monday, January 18th. Finally, Zacks Investment Research downgraded Voestalpine from a “buy” rating to a “hold” rating in a research note on Thursday, February 4th. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $8.25.
The company has a debt-to-equity ratio of 0.72, a current ratio of 1.57 and a quick ratio of 0.70. The business has a 50-day moving average of $8.17 and a 200-day moving average of $6.89. The firm has a market cap of $7.67 billion, a price-to-earnings ratio of -11.61 and a beta of 1.32.
About Voestalpine (OTCMKTS:VLPNY)
Voestalpine AG processes, develops, manufactures, and sells steel products worldwide. 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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