Aperam (OTCMKTS:APEMY) Sets New 1-Year High – Still a Buy?

Aperam (OTCMKTS:APEMY) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $41.70 and last traded at $41.70, with a volume of 345 shares traded. The stock had previously closed at $40.00.

Analyst Ratings Changes

A number of brokerages have recently commented on APEMY. Zacks Research upgraded shares of Aperam from a “strong sell” rating to a “hold” rating in a report on Monday, September 8th. Citigroup reissued a “neutral” rating on shares of Aperam in a research note on Friday, December 5th. Finally, Morgan Stanley raised Aperam from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 15th. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Aperam has an average rating of “Hold”.

Aperam Stock Up 4.2%

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’s 50 day moving average price is $38.34 and its two-hundred day moving average price is $34.35. The company has a market cap of $3.07 billion, a P/E ratio of -349.10 and a beta of 1.10.

Aperam (OTCMKTS:APEMY) last posted its quarterly earnings results on Friday, November 7th. The company reported ($0.33) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.34). Aperam had a positive return on equity of 0.47% and a negative net margin of 0.13%.The company had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.69 billion. Equities research analysts anticipate that Aperam will post 2.84 EPS 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.