Aperam (OTCMKTS:APEMY) Shares Gap Up – Should You Buy?

Aperam (OTCMKTS:APEMY)’s share price gapped up before the market opened on Friday . The stock had previously closed at $43.00, but opened at $47.07. Aperam shares last traded at $47.07, with a volume of 225 shares traded.

Wall Street Analyst Weigh In

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

Aperam Stock Performance

The firm has a market capitalization of $3.56 billion, a P/E ratio of -405.72 and a beta of 1.10. The company has a current ratio of 1.40, a quick ratio of 0.47 and a debt-to-equity ratio of 0.19. The business’s 50 day simple moving average is $41.07 and its two-hundred day simple moving average is $36.27.

Aperam (OTCMKTS:APEMY) last released its quarterly earnings data on Friday, February 6th. The company reported $0.46 EPS for the quarter. Aperam had a positive return on equity of 0.47% and a negative net margin of 0.13%. Sell-side analysts anticipate that Aperam will post 2.84 EPS 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.