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

Aperam (OTCMKTS:APEMY) shares gapped up before the market opened on Monday . The stock had previously closed at $48.51, but opened at $55.00. Aperam shares last traded at $55.00, with a volume of 235 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on APEMY shares. Citigroup reaffirmed a “neutral” rating on shares of Aperam in a report on Friday, April 17th. Jefferies Financial Group raised Aperam from a “hold” rating to a “buy” rating in a research note on Wednesday, April 15th. Zacks Research cut Aperam from a “hold” rating to a “strong sell” rating in a report on Thursday, April 30th. Morgan Stanley reaffirmed an “overweight” rating on shares of Aperam in a report on Thursday, February 19th. Finally, Oddo Bhf downgraded Aperam to a “neutral” rating in a research report on Wednesday, January 14th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Aperam Trading Up 3.6%

The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.82 and a current ratio of 3.15. The stock’s fifty day moving average is $44.57 and its 200 day moving average is $42.19. The stock has a market cap of $4.17 billion, a P/E ratio of 123.92 and a beta of 1.24.

Aperam (OTCMKTS:APEMY) last issued its quarterly earnings data 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 return on equity of 0.94% and a net margin of 0.49%.The company had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.82 billion. As a group, equities research analysts predict that Aperam will post 2.3 earnings per share for the current fiscal 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.