Aperam (OTCMKTS:APEMY) Sets New 1-Year High – What’s Next?

Shares of Aperam (OTCMKTS:APEMY) reached a new 52-week high on Tuesday . The stock traded as high as $55.00 and last traded at $55.00, with a volume of 308 shares trading hands. The stock had previously closed at $48.51.

Wall Street Analysts Forecast Growth

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

Aperam Price Performance

The company has a market cap of $4.17 billion, a price-to-earnings ratio of 123.92 and a beta of 1.24. The stock has a 50-day simple moving average of $44.67 and a 200-day simple moving average of $42.33. The company has a current ratio of 3.15, a quick ratio of 0.82 and a debt-to-equity ratio of 0.33.

Aperam (OTCMKTS:APEMY) last posted 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 during the quarter, compared to analyst estimates of $1.82 billion. As a group, analysts predict that Aperam will post 2.3 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.