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

Aperam (OTCMKTS:APEMY)’s share price 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.

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

Aperam Stock Performance

The stock has a market cap of $3.96 billion, a P/E ratio of 117.52 and a beta of 1.36. The company has a current ratio of 3.15, a quick ratio of 0.82 and a debt-to-equity ratio of 0.33. The company’s 50-day simple moving average is $55.59 and its 200 day simple moving average is $48.71.

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