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

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

Analyst Ratings Changes

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

Voestalpine Price Performance

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

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.