Aperam (OTCMKTS:APEMY) Sees Strong Trading Volume – Time to Buy?

Aperam (OTCMKTS:APEMY) saw strong trading volume on Friday . 16,486 shares were traded during trading, an increase of 397% from the previous session’s volume of 3,320 shares.The stock last traded at $52.20 and had previously closed at $51.75.

Wall Street Analysts Forecast Growth

APEMY has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Aperam in a report on Monday, February 9th. Citigroup restated a “neutral” rating on shares of Aperam in a research report on Thursday, January 22nd. Oddo Bhf cut Aperam to a “neutral” rating in a report on Wednesday, January 14th. Morgan Stanley reiterated an “overweight” rating on shares of Aperam in a research report on Thursday, February 19th. Finally, Zacks Research cut shares of Aperam from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 9th. Two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

Aperam Price 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 firm’s fifty day moving average price is $44.68 and its 200-day moving average price is $38.36. The stock has a market cap of $3.84 billion, a P/E ratio of 328.02 and a beta of 1.10.

Aperam (OTCMKTS:APEMY) last released its quarterly earnings results on Friday, February 6th. The company reported $0.46 earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $1.69 billion. Analysts forecast that Aperam will post 2.84 earnings per share for the current 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.