Aperam (OTCMKTS:APEMY) Stock Price Up 6.7% – Here’s What Happened

Aperam (OTCMKTS:APEMY)’s stock price was up 6.7% during trading on Wednesday . The stock traded as high as $51.95 and last traded at $51.95. Approximately 302 shares changed hands during mid-day trading, a decline of 83% from the average daily volume of 1,771 shares. The stock had previously closed at $48.69.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Zacks Research lowered Aperam from a “strong-buy” rating to a “hold” rating in a report on Monday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Aperam in a research report on Monday. Oddo Bhf lowered Aperam to a “neutral” rating in a research report on Wednesday, January 14th. Citigroup reiterated a “neutral” rating on shares of Aperam in a report on Thursday, January 22nd. Finally, Morgan Stanley raised shares of Aperam from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 15th. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Aperam Stock Up 6.7%

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 business’s fifty day moving average price is $41.75 and its two-hundred day moving average price is $36.67. The firm has a market cap of $3.80 billion, a P/E ratio of 324.71 and a beta of 1.10.

Aperam (OTCMKTS:APEMY) last issued its quarterly earnings data on Friday, February 6th. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.13. Aperam had a net margin of 0.17% and a return on equity of 1.05%. The firm had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.69 billion. As a group, equities research analysts anticipate that Aperam will post 2.84 EPS for the current year.

About Aperam

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.