Aperam (OTCMKTS:APEMY) Stock Moved Down to “Strong Sell” by Zacks Research

Aperam (OTCMKTS:APEMY) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Wednesday, Zacks reports.

Separately, Deutsche Bank reiterated a “buy” rating on shares of Aperam in a research report on Friday, September 4th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Aperam Price Performance

Aperam stock opened at $38.77 on Wednesday. The company has a market capitalization of $2.84 billion, a price-to-earnings ratio of 23.93 and a beta of 1.40. The company has a current ratio of 1.63, a quick ratio of 0.55 and a debt-to-equity ratio of 0.34. Aperam has a 12 month low of $35.30 and a 12 month high of $61.65. The stock’s 50 day moving average is $46.04 and its 200-day moving average is $49.53.

Aperam (OTCMKTS:APEMY) last released its quarterly earnings results on Friday, November 6th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.31). Aperam had a return on equity of 3.21% and a net margin of 2.53%. The firm had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.77 billion. Equities research analysts expect that Aperam will post 2.93 EPS for the current year.

Aperam Company Profile

Aperam is a global producer of stainless and specialty steels, serving customers in industries such as automotive, construction, consumer goods, energy and industrial equipment. Its products include stainless steel, electrical steel and specialty alloys designed for applications that require specific performance or corrosion resistance. The company also provides processing and distribution services, including solutions that tailor steel products to customer requirements. Through its recycling and renewables activities, Aperam collects and processes scrap and works to incorporate recycled materials into its operations.