Aperam (OTCMKTS:APEMY) Hits New 52-Week High – What’s Next?

Aperam (OTCMKTS:APEMY)’s stock price hit a new 52-week high on Thursday . The stock traded as high as $52.00 and last traded at $52.00, with a volume of 10685 shares traded. The stock had previously closed at $50.78.

Analyst Ratings Changes

APEMY has been the subject of a number of research analyst reports. Zacks Research lowered shares of Aperam from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 9th. Oddo Bhf downgraded shares of Aperam to a “neutral” rating in a report on Wednesday, January 14th. Citigroup reiterated a “neutral” rating on shares of Aperam in a research report on Thursday, January 22nd. Morgan Stanley reissued an “overweight” rating on shares of Aperam in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Aperam in a research report on Monday, February 9th. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Aperam Stock Performance

The company has a market capitalization of $3.81 billion, a P/E ratio of 325.02 and a beta of 1.10. The company’s 50 day moving average is $43.16 and its 200-day moving average is $37.47. The company has a current ratio of 1.40, a quick ratio of 0.47 and a debt-to-equity ratio of 0.19.

Aperam (OTCMKTS:APEMY) last posted its quarterly earnings results on Friday, February 6th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.13. Aperam had a return on equity of 1.05% and a net margin of 0.17%.The firm had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.69 billion. Equities analysts anticipate that Aperam will post 2.84 EPS for the current fiscal year.

About Aperam

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.