Aperam (OTCMKTS:APEMY) Shares Gap Down – Here’s What Happened

Aperam (OTCMKTS:APEMY) shares gapped down before the market opened on Monday . The stock had previously closed at $39.80, but opened at $38.14. Aperam shares last traded at $38.14, with a volume of 4,993 shares.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Zacks Research raised Aperam from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 10th. Citigroup reissued a “neutral” rating on shares of Aperam in a research report on Thursday, January 22nd. Morgan Stanley restated an “overweight” rating on shares of Aperam in a report on Thursday, February 19th. Oddo Bhf downgraded shares of Aperam to a “neutral” rating in a research note on Wednesday, January 14th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Aperam in a report on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

Aperam Price Performance

The company has a 50 day moving average of $45.45 and a 200 day moving average of $39.48. 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 stock has a market capitalization of $2.79 billion, a price-to-earnings ratio of 238.39 and a beta of 1.05.

Aperam (OTCMKTS:APEMY) last posted its quarterly earnings results on Friday, February 6th. The company reported $0.46 earnings per share (EPS) for the quarter, beating 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, equities 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.