Aperam (OTCMKTS:APEMY) Shares Gap Up – Here’s Why
by Amy Steele · The Cerbat GemAperam (OTCMKTS:APEMY – Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $48.51, but opened at $55.00. Aperam shares last traded at $55.00, with a volume of 235 shares.
Analyst Ratings Changes
A number of brokerages have recently weighed in on APEMY. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Aperam in a report on Tuesday, April 14th. Citigroup reissued a “neutral” rating on shares of Aperam in a report on Friday, April 17th. Morgan Stanley restated an “overweight” rating on shares of Aperam in a research note on Thursday, February 19th. Zacks Research downgraded Aperam from a “hold” rating to a “strong sell” rating in a report on Thursday. Finally, Oddo Bhf downgraded Aperam to a “neutral” rating in a report on Wednesday, January 14th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold”.
Read Our Latest Stock Report on APEMY
Aperam Stock Up 13.4%
The firm’s 50-day moving average price is $44.46 and its two-hundred day moving average price is $42.04. 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 market cap of $4.03 billion, a PE ratio of 119.57 and a beta of 1.18.
Aperam (OTCMKTS:APEMY – Get Free Report) last posted its 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 net margin of 0.49% and a return on equity of 0.94%. The company had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.82 billion. As a group, equities research analysts expect that Aperam will post 1.83 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.