Aperam (OTCMKTS:APEMY) Shares Gap Down on Disappointing Earnings

Aperam (OTCMKTS:APEMY) gapped down before the market opened on Friday following a weaker than expected earnings announcement. The stock had previously closed at $40.2060, but opened at $36.8940. Aperam shares last traded at $37.78, with a volume of 1,322 shares traded.

The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.31). Aperam had a net margin of 2.10% and a return on equity of 2.34%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Zacks Research downgraded shares of Aperam from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 12th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Aperam in a research report on Friday, September 4th. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

Aperam Trading Up 0.1%

The company has a 50 day simple moving average of $47.63 and a two-hundred day simple moving average of $49.65. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.55 and a current ratio of 1.63. The firm has a market cap of $2.76 billion, a PE ratio of 18.70 and a beta of 1.40.

Aperam Company Profile

Aperam SA is a Luxembourg-based producer of stainless and specialty steel products. The company manufactures a broad range of stainless steel, electrical steel and specialty alloys for applications in industries such as automotive, construction, engineering, energy, food processing and consumer goods.

Its product portfolio includes flat and long stainless steel products, precision and specialty materials, and high-performance alloys designed for demanding industrial uses. Aperam also provides processing, distribution and technical services through its services and solutions activities.

The company has an integrated industrial and commercial presence across Europe and Brazil, with additional international sales coverage.