Aperam (OTCMKTS:APEMY) Lowered to “Hold” Rating by Zacks Research

Aperam (OTCMKTS:APEMY) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Tuesday,Zacks.com reports.

Several other research analysts have also issued reports on APEMY. Oddo Bhf lowered shares of Aperam to a “neutral” rating in a research report on Wednesday, January 14th. Morgan Stanley reiterated an “overweight” rating on shares of Aperam in a research note on Thursday, February 19th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Aperam in a report on Monday, February 9th. Finally, Citigroup restated a “neutral” rating on shares of Aperam in a research report on Thursday, January 22nd. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Aperam presently has an average rating of “Hold”.

Aperam Stock Down 1.5%

APEMY opened at $39.18 on Tuesday. The company has a market capitalization of $2.87 billion, a P/E ratio of 244.86 and a beta of 1.06. 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 firm’s fifty day moving average price is $45.28 and its two-hundred day moving average price is $39.58. Aperam has a fifty-two week low of $25.97 and a fifty-two week high of $54.50.

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