Aperam (OTCMKTS:APEMY) Lowered to Hold Rating by Zacks Research

Zacks Research cut shares of Aperam (OTCMKTS:APEMY) from a strong-buy rating to a hold rating in a research report sent to investors on Monday,Zacks.com reports.

Several other brokerages have also commented on APEMY. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Aperam in a research note on Monday. Oddo Bhf lowered shares of Aperam to a “neutral” rating in a report on Wednesday, January 14th. Citigroup reaffirmed a “neutral” rating on shares of Aperam in a research note on Thursday, January 22nd. Finally, Morgan Stanley raised shares of Aperam from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 15th. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold”.

Aperam Stock Performance

Aperam stock opened at $50.96 on Monday. The firm has a 50 day simple moving average of $41.75 and a 200-day simple moving average of $36.67. The stock has a market cap of $3.73 billion, a price-to-earnings ratio of 318.49 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. Aperam has a 1-year low of $25.97 and a 1-year high of $50.98.

Aperam (OTCMKTS:APEMY) last released its quarterly earnings results on Friday, February 6th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.33 by $0.13. The firm had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.69 billion. Aperam had a net margin of 0.17% and a return on equity of 1.05%. On average, analysts expect that Aperam will post 2.84 EPS for the current year.

About Aperam

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.