Aperam (OTCMKTS:APEMY) Hits New 12-Month High – Here’s Why

Aperam (OTCMKTS:APEMY) shares hit a new 52-week high on Tuesday . The stock traded as high as $41.70 and last traded at $41.70, with a volume of 345 shares trading hands. The stock had previously closed at $40.00.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Zacks Research raised Aperam from a “strong sell” rating to a “hold” rating in a research report on Monday, September 8th. Morgan Stanley raised Aperam from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 15th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Aperam in a research note on Friday, December 5th. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Aperam Stock Performance

The stock has a market cap of $3.05 billion, a PE ratio of -347.47 and a beta of 1.10. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.40 and a quick ratio of 0.47. The stock has a 50-day simple moving average of $38.13 and a 200-day simple moving average of $34.21.

Aperam (OTCMKTS:APEMY) last released its quarterly earnings data 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). The firm had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.69 billion. Aperam had a negative net margin of 0.13% and a positive return on equity of 0.47%. Equities analysts predict that Aperam will post 2.84 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.