Aperam (OTCMKTS:APEMY) Shares Gap Down – What’s Next?

Aperam (OTCMKTS:APEMY) shares gapped down before the market opened on Monday . The stock had previously closed at $59.43, but opened at $49.89. Aperam shares last traded at $47.59, with a volume of 363 shares traded.

Analysts Set New Price Targets

A number of equities research analysts have commented on APEMY shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Aperam in a research report on Thursday, May 14th. Citigroup reaffirmed a “neutral” rating on shares of Aperam in a research note on Wednesday, May 20th. Jefferies Financial Group upgraded Aperam from a “hold” rating to a “buy” rating in a report on Wednesday, April 15th. Finally, Zacks Research upgraded Aperam from a “strong sell” rating to a “hold” rating in a report on Friday, May 8th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Aperam currently has a consensus rating of “Moderate Buy”.

Aperam Stock Performance

The company has a quick ratio of 0.82, a current ratio of 3.15 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $3.45 billion, a P/E ratio of 102.58 and a beta of 1.32. The company’s 50 day moving average is $56.09 and its 200-day moving average is $47.89.

Aperam (OTCMKTS:APEMY) last posted 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 net margin of 0.49% and a return on equity of 0.94%. The company had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.82 billion. As a group, equities analysts anticipate that Aperam will post 2.3 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.