Voestalpine (OTCMKTS:VLPNY) Shares Down 4.5% – What’s Next?

Voestalpine AG (OTCMKTS:VLPNY) was down 4.5% during mid-day trading on Wednesday . The company traded as low as $3.62 and last traded at $3.62. Approximately 276 shares were traded during trading, an increase of 47% from the average daily volume of 188 shares. The stock had previously closed at $3.79.

Analyst Upgrades and Downgrades

Separately, BNP Paribas lowered shares of Voestalpine from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 3rd.

Voestalpine Price Performance

The company has a quick ratio of 0.52, a current ratio of 1.39 and a debt-to-equity ratio of 0.19. The firm’s 50 day moving average price is $3.80 and its two-hundred day moving average price is $4.44.

About Voestalpine

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.