Voestalpine (VLPNY) Rating Lowered to Hold at Zacks Investment Research

Voestalpine (OTCMKTS:VLPNY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Wednesday.

According to Zacks, “voestalpine AG is engaged in the production, processing and distribution of steel products. Its operating division consists of Steel, Special Steel, Metal Engineering, Metal Forming and Other. Steel division focuses on the production and processing of flat steel products for the automotive, white goods and construction industries. Special Steel division segment manufactures tool steel and high-speed steel. Metal Engineering division produces rails and turnout products, rod wire, drawn wire, premium seamless tubes and welding filler materials. Metal Forming division offers special sections, tube products, and precision strip steel as well as pre-finished system components. Other segment provides coordination services and assistance to the subsidiaries. voestalpine AG is headquartered in Linz, Austria. “

Voestalpine (VLPNY) traded down $0.08 during trading on Wednesday, reaching $10.67. 200 shares of the company’s stock were exchanged, compared to its average volume of 1,408. The firm has a market cap of $9,372.95, a price-to-earnings ratio of 12.13 and a beta of 2.07. Voestalpine has a 52-week low of $7.84 and a 52-week high of $13.38. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.62 and a quick ratio of 0.72.

Voestalpine (OTCMKTS:VLPNY) last issued its quarterly earnings results on Thursday, February 8th. The company reported $0.20 earnings per share for the quarter. The company had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.72 billion. Voestalpine had a net margin of 5.46% and a return on equity of 11.26%. research analysts anticipate that Voestalpine will post 1 earnings per share for the current year.

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About Voestalpine

voestalpine AG processes, develops, and manufactures steel products worldwide. The company operates through five segments: Steel, High Performance Metals, Metal Engineering, Metal Forming, and Other. The Steel division produces and processes hot and cold-rolled steel; electrogalvanized, hot-dip galvanized, and organically coated plates; electrical steel strips; and heavy plates, as well as turbine casings.

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