Aperam (OTCMKTS:APEMY) Receives Average Recommendation of “Hold” from Brokerages

Shares of Aperam (OTCMKTS:APEMY) have been assigned an average rating of “Hold” from the seven research firms that are currently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company.

Several analysts have commented on APEMY shares. Citigroup reaffirmed a “neutral” rating on shares of Aperam in a research note on Thursday, January 22nd. Oddo Bhf lowered Aperam to a “neutral” rating in a research note on Wednesday, January 14th. Morgan Stanley upgraded Aperam from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 15th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Aperam in a research report on Monday, February 9th. Finally, Zacks Research cut shares of Aperam from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 9th.

Aperam Price Performance

Shares of OTCMKTS APEMY opened at $49.68 on Friday. Aperam has a 52 week low of $25.97 and a 52 week high of $51.95. The company has a quick ratio of 0.47, a current ratio of 1.40 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $3.64 billion, a price-to-earnings ratio of 310.52 and a beta of 1.10. The firm has a 50-day simple moving average of $42.47 and a 200-day simple moving average of $37.05.

Aperam (OTCMKTS:APEMY) last released its quarterly earnings results on Friday, February 6th. The company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.13. The business had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.69 billion. Aperam had a return on equity of 1.05% and a net margin of 0.17%. On average, equities analysts predict that Aperam will post 2.84 earnings per share for the current fiscal 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.