Voestalpine (OTCMKTS:VLPNY) Sets New 1-Year Low – Should You Sell?

Voestalpine AG (OTCMKTS:VLPNY) shares hit a new 52-week low during mid-day trading on Friday . The company traded as low as $3.37 and last traded at $3.46, with a volume of 9228 shares traded. The stock had previously closed at $3.62.

Wall Street Analyst Weigh In

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

Voestalpine Trading Down 4.6 %

The business has a 50 day simple moving average of $3.80 and a 200 day simple moving average of $4.43. 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.