Aperam (OTCMKTS:APEMY) Sets New 52-Week High – Time to Buy?

Aperam (OTCMKTS:APEMY) shares hit a new 52-week high on Friday . The stock traded as high as $43.00 and last traded at $43.00, with a volume of 190 shares. The stock had previously closed at $42.50.

Wall Street Analysts Forecast Growth

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

Aperam Stock Performance

The company has a current ratio of 1.40, a quick ratio of 0.47 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $3.15 billion, a price-to-earnings ratio of -358.30 and a beta of 1.08. The stock’s 50 day moving average is $39.76 and its 200 day moving average is $35.50.

Aperam (OTCMKTS:APEMY) last announced its 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). The company had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.69 billion. Aperam had a negative net margin of 0.13% and a positive return on equity of 0.47%. On average, analysts predict that Aperam will post 2.84 earnings per share for the current 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.