Aperam (OTCMKTS:APEMY) Hits New 12-Month High – Here’s What Happened

Aperam (OTCMKTS:APEMY) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $61.00 and last traded at $61.00, with a volume of 1016 shares traded. The stock had previously closed at $55.00.

Analyst Ratings Changes

APEMY has been the subject of a number of analyst reports. Morgan Stanley restated an “overweight” rating on shares of Aperam in a research report on Thursday, February 19th. Jefferies Financial Group upgraded Aperam from a “hold” rating to a “buy” rating in a research report on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Aperam in a research report on Thursday, May 14th. Zacks Research upgraded Aperam from a “strong sell” rating to a “hold” rating in a research report on Friday, May 8th. Finally, Citigroup restated a “neutral” rating on shares of Aperam in a research report on Wednesday, May 20th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Aperam Stock Performance

The company has a quick ratio of 0.82, a current ratio of 3.15 and a debt-to-equity ratio of 0.33. The business has a 50 day simple moving average of $48.31 and a two-hundred day simple moving average of $44.45. The firm has a market cap of $4.46 billion, a PE ratio of 132.61 and a beta of 1.24.

Aperam (OTCMKTS:APEMY) last released its earnings results on Thursday, April 30th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.07). Aperam had a return on equity of 0.94% and a net margin of 0.49%.The business had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.82 billion. As a group, equities research analysts forecast that Aperam will post 2.3 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.