Aperam (OTCMKTS:APEMY) Shares Gap Up – Time to Buy?

Aperam (OTCMKTS:APEMY)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $38.35, but opened at $40.75. Aperam shares last traded at $40.75, with a volume of 100 shares traded.

Wall Street Analyst Weigh In

APEMY has been the topic of several research analyst reports. Citigroup reissued a “neutral” rating on shares of Aperam in a research note on Friday, December 5th. Zacks Research upgraded Aperam from a “strong sell” rating to a “hold” rating in a report on Monday, September 8th. Finally, Morgan Stanley upgraded Aperam from an “equal weight” rating to an “overweight” rating in a research note on Monday. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Aperam has an average rating of “Hold”.

Aperam Stock Performance

The company has a market cap of $2.94 billion, a PE ratio of -334.22 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. The business has a fifty day simple moving average of $37.72 and a two-hundred day simple moving average of $33.74.

Aperam (OTCMKTS:APEMY) last released its quarterly earnings data on Friday, November 7th. The company reported ($0.33) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.34). Aperam had a negative net margin of 0.13% and a positive return on equity of 0.47%. The company had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.69 billion. Research analysts anticipate that Aperam will post 2.84 earnings per share 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.