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

Aperam (OTCMKTS:APEMY)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $39.21, but opened at $45.83. Aperam shares last traded at $45.83, with a volume of 18,707 shares.

Analyst Ratings Changes

Several analysts have recently weighed in on APEMY shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Aperam in a report on Monday, February 9th. Citigroup restated a “neutral” rating on shares of Aperam in a report on Thursday, January 22nd. Morgan Stanley restated an “overweight” rating on shares of Aperam in a report on Thursday, February 19th. Zacks Research lowered shares of Aperam from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 17th. Finally, Oddo Bhf lowered shares of Aperam to a “neutral” rating in a report on Wednesday, January 14th. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Aperam currently has a consensus rating of “Hold”.

Aperam Price Performance

The company has a quick ratio of 0.82, a current ratio of 3.15 and a debt-to-equity ratio of 0.33. The business has a 50-day moving average price of $44.44 and a two-hundred day moving average price of $40.56. The company has a market capitalization of $3.35 billion, a price-to-earnings ratio of 286.46 and a beta of 1.18.

Aperam (OTCMKTS:APEMY) last issued its earnings results on Friday, February 6th. The company reported $0.46 earnings per share for the quarter, topping 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 company had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.69 billion. As a group, research analysts anticipate that Aperam will post 2.84 EPS for the current 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.