Aperam (OTCMKTS:APEMY) Shares Up 6.8% After Strong Earnings

Shares of Aperam (OTCMKTS:APEMY) traded up 6.8% on Friday following a better than expected earnings announcement. The company traded as high as $53.71 and last traded at $53.71. Approximately 561 shares were traded during trading, a decline of 76% from the average session volume of 2,372 shares. The stock had previously closed at $50.31.

The company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.37. Aperam had a return on equity of 0.94% and a net margin of 0.49%.

Analyst Ratings Changes

APEMY has been the topic of a number of research analyst reports. Zacks Research upgraded shares of Aperam from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 15th. Citigroup restated a “neutral” rating on shares of Aperam in a research note on Wednesday, May 20th. Jefferies Financial Group raised shares of Aperam from a “hold” rating to a “buy” rating in a report on Wednesday, April 15th. BNP Paribas Exane downgraded Aperam from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 8th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Aperam in a report on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Aperam Price Performance

The firm’s 50 day moving average price is $55.41 and its two-hundred day moving average price is $49.54. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.15 and a quick ratio of 0.82. The stock has a market cap of $3.93 billion, a PE ratio of 116.76 and a beta of 1.36.

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.