Aperam (OTCMKTS:APEMY) Sets New 1-Year High – Time to Buy?

Aperam (OTCMKTS:APEMY)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $43.80 and last traded at $43.80, with a volume of 218 shares. The stock had previously closed at $43.00.

Analysts Set New Price Targets

APEMY has been the topic of several research reports. Zacks Research raised shares of Aperam from a “strong sell” rating to a “strong-buy” rating in a research note on Friday, January 9th. Morgan Stanley raised shares of Aperam from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 15th. Citigroup reissued a “neutral” rating on shares of Aperam in a research note on Thursday, January 22nd. Finally, Oddo Bhf cut shares of Aperam to a “neutral” rating in a research report on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Aperam Stock Performance

The company has a current ratio of 1.40, a quick ratio of 0.47 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $3.18 billion, a price-to-earnings ratio of -362.47 and a beta of 1.10. The firm’s fifty day moving average price is $41.07 and its 200 day moving average price is $36.27.

Aperam (OTCMKTS:APEMY) last announced its earnings results on Friday, November 7th. The company reported ($0.33) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.69 billion. Analysts forecast that Aperam will post 2.84 EPS 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.