Aperam (OTCMKTS:APEMY) Stock Rating Upgraded by Zacks Research

Aperam (OTCMKTS:APEMY) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Other research analysts have also issued reports about the company. BNP Paribas Exane lowered Aperam from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Aperam in a report on Thursday, May 14th. Citigroup reaffirmed a “neutral” rating on shares of Aperam in a research note on Wednesday, May 20th. Finally, Jefferies Financial Group upgraded shares of Aperam from a “hold” rating to a “buy” rating in a report on Wednesday, April 15th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Aperam Stock Up 7.4%

Shares of APEMY stock opened at $54.06 on Wednesday. Aperam has a 1 year low of $29.17 and a 1 year high of $61.65. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.82 and a current ratio of 3.15. The business’s fifty day moving average is $55.65 and its 200-day moving average is $48.67. The stock has a market cap of $3.96 billion, a PE ratio of 117.52 and a beta of 1.36.

Aperam (OTCMKTS:APEMY) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.07). The firm had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.82 billion. Aperam had a net margin of 0.49% and a return on equity of 0.94%. Equities analysts expect that Aperam will post 2.58 earnings per share for the current fiscal year.

About Aperam

Aperam is a global stainless, electrical and specialty steel producer with headquarters in Luxembourg. The company designs, manufactures and distributes a wide range of stainless and electrical steel products that serve markets such as automotive, household appliances, construction, energy and mechanical industries. Aperam operates an integrated value chain that spans mining, steelmaking, finishing and distribution, enabling it to control quality and deliver tailored solutions to its customers.

The company was established in 2011 following a carve-out from ArcelorMittal and has since developed a distinct identity focused on sustainable stainless steel production.