Voestalpine AG (OTCMKTS:VLPNY – Get Rating)’s stock price reached a new 52-week low on Thursday . The stock traded as low as $3.71 and last traded at $3.86, with a volume of 1094 shares trading hands. The stock had previously closed at $3.75.
Wall Street Analysts Forecast Growth
VLPNY has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Voestalpine from €35.00 ($35.71) to €29.00 ($29.59) and set a “hold” rating on the stock in a report on Thursday, July 14th. Morgan Stanley boosted their price objective on shares of Voestalpine from €34.00 ($34.69) to €35.00 ($35.71) and gave the stock an “equal weight” rating in a report on Thursday, July 7th. JPMorgan Chase & Co. lowered shares of Voestalpine from an “overweight” rating to an “underweight” rating in a report on Wednesday, June 22nd. Finally, UBS Group cut their price objective on shares of Voestalpine from €28.70 ($29.29) to €21.00 ($21.43) and set a “neutral” rating on the stock in a report on Tuesday, July 26th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $31.63.
Voestalpine Trading Up 2.9 %
The firm has a market cap of $3.45 billion, a price-to-earnings ratio of 3.37 and a beta of 1.40. The business’s 50 day moving average price is $4.17 and its 200-day moving average price is $4.93. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.58 and a current ratio of 1.52.
Voestalpine Announces Dividend
The firm also recently disclosed a dividend, which was paid on Tuesday, August 2nd. Investors of record on Friday, July 15th were given a dividend of $0.1611 per share. This represents a dividend yield of 3.78%. The ex-dividend date of this dividend was Thursday, July 14th.
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.
- Get a free copy of the StockNews.com research report on Voestalpine (VLPNY)
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