Aperam (OTCMKTS:APEMY) Hits New 12-Month High – Still a Buy?

Aperam (OTCMKTS:APEMY) shares hit a new 52-week high on Tuesday . The stock traded as high as $50.98 and last traded at $50.98, with a volume of 9061 shares changing hands. The stock had previously closed at $43.50.

Analyst Upgrades and Downgrades

Several analysts have issued reports on APEMY shares. Oddo Bhf cut shares of Aperam to a “neutral” rating in a research note on Wednesday, January 14th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Aperam in a research report on Monday. Morgan Stanley upgraded Aperam from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 15th. Zacks Research upgraded Aperam from a “strong sell” rating to a “strong-buy” rating in a research report on Friday, January 9th. Finally, Citigroup reissued a “neutral” rating on shares of Aperam in a report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Aperam Trading Up 17.2%

The stock’s fifty day simple moving average is $41.50 and its two-hundred day simple moving average is $36.55. The firm has a market cap of $3.73 billion, a PE ratio of 318.64 and a beta of 1.10. The company has a quick ratio of 0.47, a current ratio of 1.40 and a debt-to-equity ratio of 0.19.

Aperam (OTCMKTS:APEMY) last issued its earnings results on Friday, February 6th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.13. Aperam had a net margin of 0.17% and a return on equity of 1.05%. The business had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.69 billion. On average, sell-side analysts forecast that Aperam will post 2.84 EPS 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.