Aperam (OTCMKTS:APEMY) Shares Gap Up – Still a Buy?

Aperam (OTCMKTS:APEMY)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $47.1875, but opened at $54.0565. Aperam shares last traded at $54.0565, with a volume of 130 shares trading hands.

Analyst Ratings Changes

Several research firms have weighed in on APEMY. Jefferies Financial Group upgraded Aperam from a “hold” rating to a “buy” rating in a research note on Wednesday, April 15th. Citigroup reiterated a “neutral” rating on shares of Aperam in a research note on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Aperam in a research report on Thursday, May 14th. Zacks Research raised Aperam from a “strong sell” rating to a “hold” rating in a research note on Friday, May 8th. Finally, BNP Paribas Exane cut Aperam from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 8th. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold”.

Aperam Price Performance

The company has a fifty day simple moving average of $55.71 and a 200 day simple moving average of $48.57. The stock has a market capitalization of $3.96 billion, a price-to-earnings ratio of 117.52 and a beta of 1.36. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.82 and a current ratio of 3.15.

Aperam (OTCMKTS:APEMY) last issued its quarterly earnings results 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 net margin of 0.49% and a return on equity of 0.94%. The company had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.82 billion. Equities research analysts forecast that Aperam will post 2.3 EPS 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.