Voestalpine (OTCMKTS:VLPNY) Stock Price Passes Below Fifty Day Moving Average – Here’s Why

Voestalpine AG (OTCMKTS:VLPNY)’s stock price passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $4.59 and traded as low as $4.17. Voestalpine shares last traded at $4.25, with a volume of 676 shares traded.

Wall Street Analysts Forecast Growth

Separately, BNP Paribas cut Voestalpine from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 3rd.

Voestalpine Price Performance

The company has a debt-to-equity ratio of 0.19, a current ratio of 1.39 and a quick ratio of 0.43. The firm has a 50-day simple moving average of $4.59 and a two-hundred day simple moving average of $4.19.

Voestalpine (OTCMKTS:VLPNY) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.03 earnings per share for the quarter. Voestalpine had a negative net margin of 0.41% and a negative return on equity of 0.53%. On average, sell-side analysts forecast 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.