Aperam (OTCMKTS:APEMY) Shares Gap Up Following Analyst Upgrade

Aperam (OTCMKTS:APEMY) gapped up before the market opened on Thursday after Zacks Research upgraded the stock from a hold rating to a strong-buy rating. The stock had previously closed at $47.1875, but opened at $54.0565. Aperam shares last traded at $54.0565, with a volume of 130 shares traded.

Several other equities research analysts have also issued reports on APEMY. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Aperam in a research note on Thursday, May 14th. BNP Paribas Exane lowered Aperam from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 8th. Citigroup restated a “neutral” rating on shares of Aperam in a research report on Wednesday, May 20th. Finally, Jefferies Financial Group raised shares of Aperam from a “hold” rating to a “buy” rating in a research note on Wednesday, April 15th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Aperam Stock 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 business has a 50 day moving average price of $55.59 and a 200 day moving average price of $48.71. The stock has a market cap of $3.96 billion, a P/E ratio of 117.52 and a beta of 1.36.

Aperam (OTCMKTS:APEMY) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.07). The business had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.82 billion. Aperam had a return on equity of 0.94% and a net margin of 0.49%. As a group, sell-side analysts expect that Aperam will post 2.58 EPS 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.