Aperam (OTCMKTS:APEMY) Reaches New 1-Year High – What’s Next?

Aperam (OTCMKTS:APEMY)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $61.00 and last traded at $61.00, with a volume of 1016 shares. The stock had previously closed at $55.00.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on APEMY. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Aperam in a report on Thursday, May 14th. Morgan Stanley reissued an “overweight” rating on shares of Aperam in a research note on Thursday, February 19th. Zacks Research raised Aperam from a “strong sell” rating to a “hold” rating in a research note on Friday, May 8th. Jefferies Financial Group raised Aperam from a “hold” rating to a “buy” rating in a research note on Wednesday, April 15th. Finally, Citigroup reissued a “neutral” rating on shares of Aperam in a research note on Wednesday, May 20th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Aperam Trading Up 10.9%

The company has a quick ratio of 0.82, a current ratio of 3.15 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $4.46 billion, a PE ratio of 132.61 and a beta of 1.24. The firm has a 50 day moving average price of $47.43 and a 200 day moving average price of $44.12.

Aperam (OTCMKTS:APEMY) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.07). The business had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.82 billion. Aperam had a net margin of 0.49% and a return on equity of 0.94%. Equities analysts expect that Aperam will post 2.3 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.