Aperam (OTCMKTS:APEMY) Shares Gap Down on Disappointing Earnings

Aperam (OTCMKTS:APEMY)’s stock price gapped down prior to trading on Friday following a weaker than expected earnings announcement. The stock had previously closed at $40.2060, but opened at $36.8940. Aperam shares last traded at $37.78, with a volume of 1,322 shares.

The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.31). Aperam had a return on equity of 2.34% and a net margin of 2.10%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Zacks Research lowered shares of Aperam from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 12th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Aperam in a report on Friday, September 4th. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Aperam Stock Performance

The firm’s fifty day moving average price is $47.63 and its 200 day moving average price is $49.65. The firm has a market cap of $2.76 billion, a P/E ratio of 18.70 and a beta of 1.40. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.55 and a current ratio of 1.63.

Aperam Company Profile

Aperam SA is a Luxembourg-based producer of stainless and specialty steel products. The company manufactures a broad range of stainless steel, electrical steel and specialty alloys for applications in industries such as automotive, construction, engineering, energy, food processing and consumer goods.

Its product portfolio includes flat and long stainless steel products, precision and specialty materials, and high-performance alloys designed for demanding industrial uses. Aperam also provides processing, distribution and technical services through its services and solutions activities.

The company has an integrated industrial and commercial presence across Europe and Brazil, with additional international sales coverage.