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

Aperam (OTCMKTS:APEMYGet Free Report) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $61.00 and last traded at $61.00, with a volume of 1016 shares changing hands. The stock had previously closed at $55.00.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Report on Aperam

Aperam Trading Up 10.9%

The firm has a fifty day simple moving average of $47.43 and a two-hundred day simple moving average of $44.12. The firm has a market capitalization of $4.46 billion, a P/E ratio of 132.61 and a beta of 1.24. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.15 and a quick ratio of 0.82.

Aperam (OTCMKTS:APEMYGet Free Report) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.07). Aperam had a net margin of 0.49% and a return on equity of 0.94%. The firm had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.82 billion. On average, equities research analysts anticipate that Aperam will post 2.3 earnings per share for the current fiscal year.

Aperam Company Profile

(Get Free Report)

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.

Further Reading

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