Aperam (OTCMKTS:APEMY) Hits New 1-Year High – Should You Buy?

Aperam (OTCMKTS:APEMY) shares reached a new 52-week high on Tuesday . The stock traded as high as $42.50 and last traded at $42.50, with a volume of 174 shares trading hands. The stock had previously closed at $41.3150.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on APEMY. Zacks Research raised Aperam from a “strong sell” rating to a “strong-buy” rating in a report on Friday. Morgan Stanley raised shares of Aperam from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 15th. Finally, Citigroup reiterated a “neutral” rating on shares of Aperam in a research report on Friday, December 5th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Aperam presently has a consensus rating of “Moderate Buy”.

Aperam Stock Performance

The company has a quick ratio of 0.47, a current ratio of 1.40 and a debt-to-equity ratio of 0.19. The business has a 50 day moving average price of $38.95 and a 200 day moving average price of $34.97. The stock has a market cap of $3.11 billion, a P/E ratio of -354.14 and a beta of 1.08.

Aperam (OTCMKTS:APEMY) last posted its quarterly earnings data on Friday, November 7th. The company reported ($0.33) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.34). The business had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.69 billion. Aperam had a negative net margin of 0.13% and a positive return on equity of 0.47%. As a group, sell-side analysts expect that Aperam will post 2.84 EPS for the current 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.