Aperam (OTCMKTS:APEMY) Shares Gap Up – Should You Buy?

Aperam (OTCMKTS:APEMY) shares gapped up before the market opened on Friday . The stock had previously closed at $53.97, but opened at $56.10. Aperam shares last traded at $56.10, with a volume of 146 shares changing hands.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Citigroup reiterated a “neutral” rating on shares of Aperam in a research note on Wednesday, May 20th. Zacks Research upgraded shares of Aperam from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 15th. BNP Paribas Exane cut shares of Aperam from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 8th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Aperam in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Aperam Stock Performance

The stock has a market capitalization of $4.16 billion, a PE ratio of 28.12 and a beta of 1.34. The company has a quick ratio of 0.55, a current ratio of 1.63 and a debt-to-equity ratio of 0.34. The firm has a 50 day moving average price of $52.43 and a 200-day moving average price of $51.18.

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.