VOESTALPINE AG/ADR’s (VLPNY) “Sell” Rating Reaffirmed at Zacks Investment Research

Zacks Investment Research reiterated their sell rating on shares of VOESTALPINE AG/ADR (OTCMKTS:VLPNY) in a report published on Saturday, Zacks.com reports.

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 $6.30 on Friday. The firm has a market cap of $5.55 billion, a price-to-earnings ratio of 9.13 and a beta of 1.86. The company has a fifty day moving average of $5.60. VOESTALPINE AG/ADR has a fifty-two week low of $5.12 and a fifty-two week high of $10.15. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.54 and a current ratio of 1.51.

The business also recently declared an annual dividend, which will be paid on Tuesday, July 30th. Shareholders of record on Friday, July 12th will be issued a $0.159 dividend. The ex-dividend date of this dividend is Thursday, July 11th. This represents a dividend yield of 2.83%. VOESTALPINE AG/ADR’s dividend payout ratio (DPR) is presently 20.39%.

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 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.

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