Aperam (OTCMKTS:APEMY) Shares Gap Up – Here’s Why

Aperam (OTCMKTS:APEMY) gapped up prior to trading on Tuesday . The stock had previously closed at $37.93, but opened at $40.82. Aperam shares last traded at $40.82, with a volume of 221 shares changing hands.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Zacks Research upgraded shares of Aperam from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 10th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Aperam in a report on Monday, February 9th. Oddo Bhf lowered Aperam to a “neutral” rating in a research 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 reiterated an “overweight” rating on shares of Aperam in a report on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Aperam Stock Up 7.0%

The firm has a market cap of $2.99 billion, a PE ratio of 255.14 and a beta of 1.05. 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 business has a fifty day moving average price of $45.38 and a two-hundred day moving average price of $39.52.

Aperam (OTCMKTS:APEMY) last announced its quarterly earnings data on Friday, February 6th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $1.69 billion. On average, analysts anticipate that Aperam will post 2.84 EPS for the current fiscal 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.