Aperam (OTCMKTS:APEMY) Downgraded by Zacks Research to “Strong Sell”

Zacks Research downgraded shares of Aperam (OTCMKTS:APEMY) from a hold rating to a strong sell rating in a research note released on Thursday,Zacks.com reports.

APEMY has been the topic of several other research reports. Oddo Bhf cut Aperam to a “neutral” rating in a report on Wednesday, January 14th. Morgan Stanley restated an “overweight” rating on shares of Aperam in a report on Thursday, February 19th. Citigroup restated a “neutral” rating on shares of Aperam in a report on Friday, April 17th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Aperam in a report on Tuesday, April 14th. Finally, Jefferies Financial Group upgraded Aperam from a “hold” rating to a “buy” rating in a report on Wednesday, April 15th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Aperam Price Performance

Aperam stock remained flat at $48.00 during mid-day trading on Thursday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.82 and a current ratio of 3.15. The company has a fifty day moving average price of $44.46 and a 200 day moving average price of $41.97. The firm has a market cap of $3.51 billion, a PE ratio of 300.02 and a beta of 1.24. Aperam has a 1-year low of $28.95 and a 1-year high of $54.50.

Aperam (OTCMKTS:APEMY) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.07). Aperam had a return on equity of 0.94% and a net margin of 0.49%.The company had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.82 billion. As a group, equities research analysts anticipate that Aperam will post 1.83 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.