Aperam (OTCMKTS:APEMY) Receives Average Recommendation of “Hold” from Analysts

Shares of Aperam (OTCMKTS:APEMY) have earned an average rating of “Hold” from the seven analysts that are currently covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company.

APEMY has been the topic of several research analyst reports. Zacks Research cut Aperam from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 17th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Aperam in a research report on Monday, February 9th. Oddo Bhf lowered shares of Aperam to a “neutral” rating in a report on Wednesday, January 14th. Citigroup restated a “neutral” rating on shares of Aperam in a research report on Thursday, January 22nd. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Aperam in a research note on Thursday, February 19th.

Aperam Price Performance

Shares of APEMY opened at $39.21 on Monday. The company has a market capitalization of $2.87 billion, a P/E ratio of 245.08 and a beta of 1.18. Aperam has a one year low of $25.97 and a one year high of $54.50. The business’s 50 day simple moving average is $44.56 and its 200-day simple moving average is $40.45. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.15 and a quick ratio of 0.82.

Aperam (OTCMKTS:APEMY) last released its quarterly earnings results on Friday, February 6th. The company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.13. Aperam had a return on equity of 1.05% and a net margin of 0.17%.The firm had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.69 billion. As a group, sell-side analysts predict 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.