VOESTALPINE AG/ADR (VLPNY) Raised to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of VOESTALPINE AG/ADR (OTCMKTS:VLPNY) from a sell rating to a hold rating in a research report released on Wednesday morning.

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. “

Shares of VLPNY opened at $7.36 on Wednesday. The firm has a market cap of $6.29 billion, a PE ratio of 7.14 and a beta of 2.09. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.57 and a current ratio of 1.44. VOESTALPINE AG/ADR has a 1-year low of $6.82 and a 1-year high of $13.38.

VOESTALPINE AG/ADR Company Profile

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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