Voestalpine (OTCMKTS:VLPNY) Shares Down 4.5% – Here’s Why

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

Wall Street Analysts Forecast Growth

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

Voestalpine Trading Down 4.5 %

The company has a fifty day simple moving average of $3.83 and a 200-day simple moving average of $4.46. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.39 and a quick ratio of 0.52.

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.