Aperam (OTCMKTS:APEMY) Sees Strong Trading Volume – What’s Next?

Shares of Aperam (OTCMKTS:APEMY) saw strong trading volume on Friday . 16,486 shares changed hands during mid-day trading, an increase of 397% from the previous session’s volume of 3,320 shares.The stock last traded at $52.20 and had previously closed at $51.75.

Wall Street Analyst Weigh In

A number of equities analysts have commented on APEMY shares. Morgan Stanley reaffirmed an “overweight” rating on shares of Aperam in a report on Thursday, February 19th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Aperam in a report on Monday, February 9th. Citigroup reiterated a “neutral” rating on shares of Aperam in a research report on Thursday, January 22nd. Zacks Research lowered Aperam from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 9th. Finally, Oddo Bhf downgraded shares of Aperam to a “neutral” rating in a research report on Wednesday, January 14th. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold”.

Aperam Stock Up 1.4%

The stock has a market capitalization of $3.84 billion, a P/E ratio of 328.02 and a beta of 1.10. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.15 and a quick ratio of 0.82. The stock’s fifty day moving average is $44.68 and its two-hundred day moving average is $38.36.

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 business had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.69 billion. As a group, research analysts predict that Aperam will post 2.84 earnings per share 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.