Aperam (OTCMKTS:APEMY) Announces Earnings Results

Aperam (OTCMKTS:APEMY) issued its earnings results on Friday. The company reported $0.46 earnings per share (EPS) for the quarter, Zacks reports. Aperam had a positive return on equity of 0.47% and a negative net margin of 0.13%.

Aperam Trading Up 11.9%

Aperam stock traded up $5.19 during trading hours on Friday, reaching $48.69. 1,054 shares of the company’s stock were exchanged, compared to its average volume of 471. The company has a quick ratio of 0.47, a current ratio of 1.40 and a debt-to-equity ratio of 0.19. The firm’s 50 day simple moving average is $41.07 and its 200 day simple moving average is $36.27. Aperam has a twelve month low of $25.97 and a twelve month high of $48.70. The firm has a market capitalization of $3.56 billion, a PE ratio of -405.72 and a beta of 1.10.

Analyst Ratings Changes

APEMY has been the topic of a number of research reports. Zacks Research raised shares of Aperam from a “strong sell” rating to a “strong-buy” rating in a report on Friday, January 9th. Citigroup reiterated a “neutral” rating on shares of Aperam in a report on Thursday, January 22nd. Oddo Bhf cut shares of Aperam to a “neutral” rating in a research note on Wednesday, January 14th. Finally, Morgan Stanley raised Aperam from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 15th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Aperam Company Profile

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.