Aperam (OTCMKTS:APEMY) Shares Gap Down on Analyst Downgrade

Aperam (OTCMKTS:APEMY – Get Free Report) shares gapped down before the market opened on Tuesday after Zacks Research downgraded the stock from a strong-buy rating to a hold rating. The stock had previously closed at $44.3140, but opened at $42.19. Aperam shares last traded at $42.19, with a volume of 205 shares.

Several other analysts also recently commented on the stock. BNP Paribas Exane downgraded shares of Aperam from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Aperam in a research report on Friday, September 4th. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Check Out Our Latest Stock Analysis on APEMY

Aperam Trading Down 0.5%

The company has a debt-to-equity ratio of 0.34, a current ratio of 1.63 and a quick ratio of 0.55. The company has a market capitalization of $3.18 billion, a P/E ratio of 36.72 and a beta of 1.34. The firm has a fifty day moving average price of $51.88 and a 200-day moving average price of $52.28.

Aperam Company Profile

(Get Free Report)

Aperam SA is a Luxembourg-based producer of stainless, specialty and electrical steels. The company manufactures a broad range of flat and long steel products, including stainless steel coils, sheets, plates and bars, as well as specialty alloys and electrical steel used in industrial, energy, automotive, construction, consumer and other applications.

Aperam also provides processing, distribution and technical services through its Services and Solutions activities. Its Alloys and Specialties business develops nickel-based alloys and other high-performance materials for demanding uses, while its recycling operations support the collection and processing of stainless steel and other recyclable metals.

The company was established in 2011 following the spin-off of ArcelorMittal’s stainless steel activities.

Further Reading

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