Aperam (OTCMKTS:APEMY) Sees Strong Trading Volume – Here’s Why

Aperam (OTCMKTS:APEMY) shares saw an uptick in trading volume on Tuesday . 4,027 shares traded hands during mid-day trading, an increase of 147% from the previous session’s volume of 1,630 shares.The stock last traded at $48.22 and had previously closed at $50.89.

Analyst Ratings Changes

APEMY has been the topic of a number of research reports. Oddo Bhf downgraded shares of Aperam to a “neutral” rating in a research note on Wednesday, January 14th. Zacks Research lowered Aperam from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 9th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Aperam in a report on Monday, February 9th. Morgan Stanley restated an “overweight” rating on shares of Aperam in a report on Thursday. Finally, Citigroup reiterated a “neutral” rating on shares of Aperam in a research note on Thursday, January 22nd. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Aperam has an average rating of “Hold”.

Aperam Price Performance

The stock has a 50 day moving average of $43.16 and a two-hundred day moving average of $37.47. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.47 and a current ratio of 1.40. The firm has a market capitalization of $3.77 billion, a P/E ratio of 321.90 and a beta of 1.10.

Aperam (OTCMKTS:APEMY) last announced its quarterly earnings results on Friday, February 6th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.33 by $0.13. Aperam had a return on equity of 1.05% and a net margin of 0.17%.The company had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.69 billion. Sell-side 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.