Aperam (OTCMKTS:APEMY) Shares Gap Up – Still a Buy?

Aperam (OTCMKTS:APEMY) shares gapped up before the market opened on Tuesday . The stock had previously closed at $55.1495, but opened at $61.00. Aperam shares last traded at $61.00, with a volume of 1,012 shares changing hands.

Analyst Ratings Changes

A number of brokerages have commented on APEMY. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Aperam in a research report on Thursday, May 14th. Morgan Stanley restated an “overweight” rating on shares of Aperam in a research note on Thursday, February 19th. Jefferies Financial Group upgraded shares of Aperam from a “hold” rating to a “buy” rating in a research note on Wednesday, April 15th. Citigroup reissued a “neutral” rating on shares of Aperam in a report on Wednesday, May 20th. Finally, Zacks Research upgraded shares of Aperam from a “strong sell” rating to a “hold” rating in a research note on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Aperam Stock Performance

The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.82 and a current ratio of 3.15. The firm has a 50 day moving average price of $48.31 and a two-hundred day moving average price of $44.45. The company has a market capitalization of $4.46 billion, a P/E ratio of 132.61 and a beta of 1.24.

Aperam (OTCMKTS:APEMY) last posted its earnings results on Thursday, April 30th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.07). Aperam had a return on equity of 0.94% and a net margin of 0.49%.The company had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.82 billion. On average, research analysts expect that Aperam will post 2.3 earnings per share 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.