Aperam (OTCMKTS:APEMY) Hits New 1-Year High – What’s Next?

Aperam (OTCMKTS:APEMY)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $43.80 and last traded at $43.80, with a volume of 218 shares traded. The stock had previously closed at $43.00.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Morgan Stanley raised Aperam from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 15th. Oddo Bhf lowered shares of Aperam to a “neutral” rating in a research report on Wednesday, January 14th. Zacks Research raised shares of Aperam from a “strong sell” rating to a “strong-buy” rating in a research note on Friday, January 9th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Aperam in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Aperam presently has an average rating of “Moderate Buy”.

Aperam Stock Up 1.2%

The company has a market cap of $3.18 billion, a P/E ratio of -362.47 and a beta of 1.08. 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 business’s fifty day moving average is $40.66 and its two-hundred day moving average is $36.08.

Aperam (OTCMKTS:APEMY) last issued its earnings results 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 positive return on equity of 0.47% and a negative net margin of 0.13%.The company had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.69 billion. Equities analysts predict 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.