Posted by admin on Jun 14th, 2022
Voestalpine AG (OTCMKTS:VLPNY – Get Rating) saw a significant increase in short interest during the month of May. As of May 31st, there was short interest totalling 2,400 shares, an increase of 50.0% from the May 15th total of 1,600 shares. Based on an average trading volume of 800 shares, the short-interest ratio is currently 3.0 days.
Several analysts have recently commented on the stock. raised shares of Voestalpine from a “hold” rating to an “accumulate” rating in a research note on Tuesday, February 15th. Credit Suisse Group raised Voestalpine from a “neutral” rating to an “outperform” rating in a report on Tuesday, February 22nd. Morgan Stanley raised shares of Voestalpine from an “underweight” rating to an “equal weight” rating in a research note on Monday, May 30th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of Voestalpine from €39.00 ($40.63) to €35.00 ($36.46) and set a “hold” rating for the company in a research report on Thursday, June 9th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Voestalpine currently has an average rating of “Hold” and a consensus target price of $35.67.
Shares of OTCMKTS VLPNY opened at $5.45 on Tuesday. The stock has a market cap of $4.87 billion, a P/E ratio of 5.14 and a beta of 1.29. The firm has a 50 day moving average price of $5.42 and a 200 day moving average price of $6.32. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.49 and a current ratio of 1.35. Voestalpine has a 52-week low of $4.67 and a 52-week high of $9.61.
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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