Aperam (OTCMKTS:APEMY) Shares Gap Down – Here’s What Happened

Aperam (OTCMKTS:APEMY)’s share price gapped down prior to trading on Monday . The stock had previously closed at $59.43, but opened at $49.89. Aperam shares last traded at $47.59, with a volume of 363 shares changing hands.

Wall Street Analyst Weigh In

APEMY has been the topic of several research reports. Citigroup restated a “neutral” rating on shares of Aperam in a research note on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Aperam in a research note on Thursday, May 14th. Zacks Research raised shares of Aperam from a “strong sell” rating to a “hold” rating in a research report on Friday, May 8th. Finally, Jefferies Financial Group upgraded shares of Aperam from a “hold” rating to a “buy” rating in a report on Wednesday, April 15th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Aperam has a consensus rating of “Moderate Buy”.

Aperam Trading Down 20.6%

The business’s 50 day simple moving average is $56.13 and its two-hundred day simple moving average is $47.76. The stock has a market cap of $3.45 billion, a P/E ratio of 102.58 and a beta of 1.31. The company has a quick ratio of 0.82, a current ratio of 3.15 and a debt-to-equity ratio of 0.33.

Aperam (OTCMKTS:APEMY) last posted its earnings results on Thursday, April 30th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.07). The business had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.82 billion. Aperam had a return on equity of 0.94% and a net margin of 0.49%. As a group, analysts expect 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.