Aperam (OTCMKTS:APEMY) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Aperam (OTCMKTS:APEMY) have been assigned an average rating of “Moderate Buy” from the six brokerages that are presently covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company.

A number of equities analysts have recently issued reports on the company. Citigroup reaffirmed a “neutral” rating on shares of Aperam in a research report on Friday, December 5th. Zacks Research raised Aperam from a “strong sell” rating to a “strong-buy” rating in a research report on Friday, January 9th. Oddo Bhf cut Aperam to a “neutral” rating in a research note on Wednesday. Finally, Morgan Stanley upgraded Aperam from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 15th.

Aperam Trading Up 2.9%

Shares of OTCMKTS:APEMY opened at $42.50 on Wednesday. The company has a market capitalization of $3.11 billion, a PE ratio of -354.14 and a beta of 1.08. The company has a current ratio of 1.40, a quick ratio of 0.47 and a debt-to-equity ratio of 0.19. Aperam has a 12-month low of $25.97 and a 12-month high of $42.50. The business’s fifty day simple moving average is $39.05 and its 200-day simple moving average is $35.04.

Aperam (OTCMKTS:APEMY) last released its quarterly earnings results on Friday, November 7th. The company reported ($0.33) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.34). The firm had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.69 billion. Aperam had a negative net margin of 0.13% and a positive return on equity of 0.47%. As a group, equities research analysts predict that Aperam will post 2.84 earnings per share for the current fiscal year.

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.