Aperam (OTCMKTS:APEMY) Sets New 12-Month High – Here’s What Happened

Aperam (OTCMKTS:APEMY) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $40.98 and last traded at $40.98, with a volume of 111 shares changing hands. The stock had previously closed at $38.35.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Citigroup reiterated a “neutral” rating on shares of Aperam in a research report on Friday, December 5th. Zacks Research upgraded Aperam from a “strong sell” rating to a “hold” rating in a report on Monday, September 8th. Finally, Morgan Stanley raised shares of Aperam from an “equal weight” rating to an “overweight” rating in a research report on Monday. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Aperam Trading Up 6.9%

The stock has a market cap of $3.00 billion, a PE ratio of -341.47 and a beta of 1.10. The company’s fifty day moving average is $37.48 and its 200-day moving average is $33.57. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.40 and a quick ratio of 0.47.

Aperam (OTCMKTS:APEMY) last posted its earnings results on Friday, November 7th. The company reported ($0.33) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.34). Aperam had a negative net margin of 0.13% and a positive return on equity of 0.47%. The firm had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.69 billion. On average, analysts predict that Aperam will post 2.84 earnings per share for the current fiscal year.

About Aperam

Aperam SA, together with its subsidiaries, produces and sells stainless and specialty steel products worldwide. It operates through four segments: Stainless & Electrical Steel; Services & Solutions; Alloys & Specialties; and Recycling & Renewables. The company offers a range of stainless steel products, including grain oriented and non-grain oriented electrical steel products, and specialty alloys.