Aperam (OTCMKTS:APEMY) Shares Up 6.8% After Strong Earnings

Shares of Aperam (OTCMKTS:APEMY) traded up 6.8% during trading on Friday following a stronger than expected earnings report. The stock traded as high as $53.71 and last traded at $53.71. 561 shares were traded during mid-day trading, a decline of 76% from the average daily volume of 2,372 shares. The stock had previously closed at $50.31.

The company reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.37. Aperam had a net margin of 0.49% and a return on equity of 0.94%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Jefferies Financial Group upgraded Aperam from a “hold” rating to a “buy” rating in a research note on Wednesday, April 15th. Citigroup reissued a “neutral” rating on shares of Aperam in a report on Wednesday, May 20th. Zacks Research upgraded shares of Aperam from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Aperam in a report on Thursday, May 14th. Finally, BNP Paribas Exane cut shares of Aperam from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Aperam Trading Up 6.8%

The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.82 and a current ratio of 3.15. The stock has a market cap of $3.93 billion, a P/E ratio of 116.76 and a beta of 1.36. The stock has a 50-day moving average price of $55.41 and a 200-day moving average price of $49.54.

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.