Aperam (OTCMKTS:APEMY) Shares Gap Up – Still a Buy?

Aperam (OTCMKTS:APEMY) gapped up prior to trading on Tuesday . The stock had previously closed at $55.1495, but opened at $61.00. Aperam shares last traded at $61.00, with a volume of 1,012 shares traded.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Morgan Stanley reaffirmed an “overweight” rating on shares of Aperam in a research report on Thursday, February 19th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Aperam in a research report on Thursday, May 14th. Zacks Research raised shares of Aperam from a “strong sell” rating to a “hold” rating in a research report on Friday, May 8th. Citigroup reaffirmed a “neutral” rating on shares of Aperam in a research report on Wednesday, May 20th. Finally, Jefferies Financial Group raised shares of Aperam from a “hold” rating to a “buy” rating in a research report on Wednesday, April 15th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Aperam presently has a consensus rating of “Moderate Buy”.

Aperam Trading Up 10.9%

The firm has a market capitalization of $4.46 billion, a PE ratio of 132.61 and a beta of 1.24. The stock’s 50-day moving average price is $46.97 and its 200 day moving average price is $43.96. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.15 and a quick ratio of 0.82.

Aperam (OTCMKTS:APEMY) last issued its earnings results on Thursday, April 30th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.07). The company had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.82 billion. Aperam had a return on equity of 0.94% and a net margin of 0.49%. On average, sell-side analysts expect that Aperam will post 2.3 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.