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

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

VLPNY opened at $5.16 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.51 and a quick ratio of 0.54. The firm’s 50-day moving average price is $5.61. 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 market capitalization of $4.55 billion, a price-to-earnings ratio of 5.01 and a beta of 2.01.

The company also recently declared an annual dividend, which will be paid on Tuesday, July 30th. Investors of record on Friday, July 12th will be given a dividend of $0.159 per share. This represents a dividend yield of 2.83%. The ex-dividend date is Thursday, July 11th. VOESTALPINE AG/ADR’s payout ratio is currently 15.53%.

About VOESTALPINE AG/ADR

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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