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

Aperam (OTCMKTS:APEMY) shares gapped up prior to trading on Thursday . The stock had previously closed at $38.35, but opened at $40.75. Aperam shares last traded at $40.75, with a volume of 100 shares changing hands.

Wall Street Analyst Weigh In

APEMY has been the subject of a number of research analyst reports. Citigroup restated a “neutral” rating on shares of Aperam in a report on Friday, December 5th. Morgan Stanley raised Aperam from an “equal weight” rating to an “overweight” rating in a research note on Monday. Finally, Zacks Research raised Aperam from a “strong sell” rating to a “hold” rating in a research note on Monday, September 8th. One research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold”.

Aperam Price Performance

The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.47 and a current ratio of 1.40. The company’s fifty day simple moving average is $37.57 and its two-hundred day simple moving average is $33.63. The stock has a market capitalization of $2.98 billion, a PE ratio of -339.56 and a beta of 1.10.

Aperam (OTCMKTS:APEMY) last posted its quarterly earnings data on Friday, November 7th. The company reported ($0.33) EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.69 billion. As a group, sell-side analysts predict that Aperam will post 2.84 EPS for the current year.

Aperam Company Profile

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.